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Our Bureau

Chennai, June 10 Turnover improved further to Rs 25,673.64 crore in the F&O segment on the NSE on Wednesday. The Nifty June future ended with sharp gains at 4665. The premium also widened to about 10 points against the spot close of 4655.25. It added 19.16 lakh shares in open interest.

Among the options, 4700 call and 4500 put were the most active. While 4600 call shed open interest, 4700 and 4800 added shares indicating that traders are switching from lower to high strike their positions. On the other hand, puts saw sharp accumulation in open interest suggesting the emergence of writers.

Reliance was the most active followed by Suzlon and Unitech. Among the stock futures, Unitech, which ended on flat note at 89.5 against the spot close of 88.75, shed 23.76 lakh shares in open interest. Tech Mahindra, which surged 5.9 per cent at 793.9 against the spot close of 782.8, also shed 5.25 lakh shares. The decline in open interest indicates that the recent rally may be tiring out, as traders indulged in profit taking.

Foreign investors remained net buyers to the tune of Rs 1,067.49 crore in the F&O segment on Wednesday.

More Stories on : Derivatives Markets | On the hedge

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