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Chennai, May 4 Turnover dipped to Rs 46,344.8 crore in the F&O segment on Monday. The NSE Nifty May future closed at 3658.35, just about a four-point premium over the spot close of 3654. It added about 16.17 lakh shares in open interest position.

For the first time in 2009 the 4000-call hit the active zone. But the 3800 and 3700 calls were the most active and added about 6 lakh shares each in open interest positions. Among the puts, 3600 and 3700 also witnessed higher activity and added 13.56 lakh shares and 8.51 lakh shares in open interest positions.

Despite sharp gains, some of the individual stock futures shed open interest positions. Among them were ICICI Bank (4.01 lakh shares), Infosys Technologies (2.52 lakh shares) and JP Associates (5.67 lakh shares). HDFC and Reliance Communications also witnessed drop in open interest positions.

But Unitech (1.77 crore shares) and DLF (16.86 lakh shares) witnessed sharp accumulation in open interest positions. However, with the future price ruling well below the spot price for both these counters, accumulations were on the short side.

FIIs were net buyers to the tune of Rs 1040.13 crore in the F&O segment on Monday.

More Stories on : Derivatives Markets | On the hedge

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