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Our Bureau

Chennai, Jan. 13

Trading volume tumbled below Rs 40,000-crore mark on Tuesday. The NSE Nifty future maintained the same discount and closed at 2722.05 against the spot close of 2744.95. While the net open interest positions remained the same, lot of short positions were added in today’s trade as well.

Among the options, Nifty 2700, 2800 put saw sharp drop in open interest positions; interestingly 2800 and 2900 calls also witnessed drop in open interest positions. However, Nifty 2600 and 2500 put accumulated open interest positions, indicating that traders are switching from higher to lower put options, expecting further fall in the market.

Infosys Technologies was the most active followed by Reliance and SBI. Most of the stock futures are trading in discount with respect their spot closes indicating accumulation of short positions.

Contracts on Reliance, State Bank of India and DLF saw drop in open interest positions. However, Infosys Technologies, Bharti Airtel and Wipro accumulated open positions; but most of the accumulations were on the short side.

Rolta, which turned volatile in today’s trading, added about 7.28 lakh shares in open interest. It ended at 84.55 against the spot close of 87.55.

More Stories on : Derivatives Markets | On the hedge

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