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Our Bureau

Chennai, Feb. 2 Turnover remained moderate at Rs 34,205.27 crore in the F&O segment. The Nifty Feb future closed weak at 2738 against the spot close of 2766.65, widening the discount to about 28 points. It added about 19.85 lakh shares in open interest positions, most of which were on the short sides.

Not only index, most of the individual stock futures added short positions; NTPC, in fact, witnessed drop in open interest positions. It shed about 13 lakh shares in open interest and closed in discount at 178.4 against the spot close of 181.2.

Among the index options, calls accumulated open positions, indicating the emergence of call writers. Nifty 2800 saw huge accumulation of about 17 lakh shares. On the other hand, puts such as 2700 and 2800 witnessed drop in open interest positions, indicating profit booking. However, 2500 and 2450 puts accumulated open positions, indicating that traders are switching to lower strikes.

Almost all the actively traded stock futures were quoting in discount with respect to the spot closes, indicating accumulation of short positions.

DLF closed at 147.05 against the spot close of 153. It added about 18 lakh shares, most of which were on the short side.

The discount was wide for SBI and Reliance Capital.

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