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Our Bureau

Chennai, Jan. 12 Turnover remained moderate at Rs 44,953.49 crore in the F&O segment. The NSE Nifty future, however, ended in deep discount at 2750.3 against the spot close of 2773.10. It added about 14.5 lakh shares, particularly on the short side.

Among the options, Nifty 2900 call and 2700 put were the most active. The 2900 put saw massive unwinding of open positions by 20.21 lakh shares; even 2800 put shed 5.28 lakh shares in open interest positions. On the other hand, lower strike puts such as 2700 and 2600 accumulated open positions, indicating that traders switched their position to these levels.

SBI was the most active followed by Reliance Industries and Infosys. Contracts on NTPC and Bharti Airtel saw sharp drop in open positions. Reliance Industries also witnessed a drop in open interest positions.

Many counters are trading with discount against their respective spot closes. Those include SBI, Infosys Technologies, ICICI Bank, DLF and NTPC.

Infosys, which is declaring its quarterly numbers on Tuesday, accumulated 7.45 lakh shares in open interest positions. While calls saw emergence of writers, 1140 put witnessed fresh accumulation, indicating negative bias for the stock.

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