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Our Bureau

Chennai, Nov. 24 Turnover surged to Rs 91,101.55 crore on Tuesday. The Nifty November futures closed at 17-point discount at 5073 with respect to the spot close of 5090.55. The Nifty December futures also closed at a discount of 10 points at 5080 and saw a rollover of 53 per cent, which is higher than that seen in the previous three months.

Among the options, 5000 and 4800 puts and 5000 calls were the most active in December. The accumulation of open interest was on the higher side for puts, indicating that market could see support at around 5000.

Tata Steel was the most active, followed by Reliance and ICICI Bank. Rollover was higher in ICICI Bank and Bharti Airtel, while it is yet to pick up in Reliance Industries, which saw a rollover of 43 per cent. Automobile majors Tata Motors and M&M and FMCG counters such as Hindustan Unilever and Dabur India saw long rollovers.

Overseas institutional investors turned net sellers to the tune of Rs 184.85 crore in F&O segment on Tuesday. They were mainly net sellers in index futures and stock options.

More Stories on : Derivatives Markets | On the hedge

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