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Markets - Derivatives Markets
Columns - On the hedge
Nifty options shed open interest

Our Bureau

Chennai, March 12 Turnover remained firm at Rs 49,526 crore in the F&O segment on the NSE on Thursday. The NSE Nifty future closed at 2600.7 against the spot close of 2617.45 and added about 24.09 lakh shares in open interest positions. Most of the accumulations, however, were on the short side.

Among the options, both put and call shed open interest positions, indicting that the market might move in a range. Most active options were Nifty 2600 call and put. The 2600 call shed 8.09 lakh shares in open interest, while 2500 put shed 10 lakh shares and 2400 put about 85,000 shares. The 2700 call also saw a decline of 1.30 lakh shares in open interest position. However, the 2600 put saw accumulation of 6.14 lakh shares in open interest.

Stock future

Most of the stock futures also saw fresh accumulation of short positions. Among them, Bharti Airtel added 21.76 lakh shares and closed at 286 against the spot close of 24.15. Reliance added 11.7 lakh shares, ICICI Bank 16.68 lakh shares, Reliance Capital 7.25 lakh shares and Axis Bank accumulated 7.74 lakh shares in open interest.

Futures on Reliance, SBI, DLF, Axis Bank, Maruti and BHEL were trailing the respective stocks, indicating negative bias on them.

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