The Hindu Business Line : Reliance discount widens

Chennai, Feb. 10 Turnover increased to Rs 39,017.91 crore in the F&O segment on Tuesday. The NSE Nifty future closed at 2923 against the spot close of 2394.5. It added about 18.89 lakh shares, most of which were on the short side.

Among the options, 2900 call was the most active. The other active options include 2800 put, 3000 call and 2900 put. While puts saw fresh accumulations, the 3000 call saw fresh emergence of sellers (writers). This indicates that Nifty may face strong resistance at these levels.

The Nifty March 2200 and 2500 and December 2300 puts also witnessed fresh accumulation indicating negative bias of the market.

Stock futures

Reliance Industries was the most active. However, it saw the discount widening to over 10 points, mainly on account of fresh short accumulations. The Reliance future closed at 1391.25 against the spot close of 1401.95. It added about 4.51 lakh shares in open interest.

Unitech accumulated about 1.21 crore shares and ended at 31.45 against the spot close of 31.85.

The counters which ended in discount include DLF, Educomp Solutions, Larsen & Toubro and Reliance Infrastructure.

Media stocks such as Zee Entertainment and Dish TV also witnessed spurt in trading activity.

FII buyers

FIIs remained net buyers to the tune of Rs 118 crore in the F&O segment on the NSE on Tuesday.

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