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Our Bureau

Chennai, Sept. 25 For the second time in history, the combined turnover – BSE, NSE and NSE F&O segments – has crossed the Rs 1 lakh crore mark by touching Rs 1,08,973 crore on Tuesday. Earlier on July 26, the total turnover in the BSE cash market, NSE cash market and the derivative segment stood at Rs 1,01,230.02 crore.

NSE F&O segment witnessed a turnover of Rs 83,677 crore with index futures saw a trading volume of Rs 2,0676.47 and stock futures accounted for Rs 54,297.62 crore.

Nifty futures saw a healthy rollover of 42 per cent to October futures. Despite expiry nearing, the Nifty September future commanded a premium of 8.05 points. However, Nifty October futures, which was in discount of about 12 points, narrowed down its discount considerably. It now trails the Nifty spot by only about 3.85 points. It present a good trading opportunity. Investors can consider shorting Nifty September futures and go long on October futures as the Nifty September futures has to converge at the time of expiry with the spot price.

Rollover of open positions has been healthy in metal and refinery space. Counters such as JSW Steel, Hindalco, Jindal Stainless and Petronet LNG, Reliance Petroleum and MRPL saw huge accumulations in October series.

The NSE has imposed a ban on Triveni Engineering, Rajesh Expo, Arvind Mills, Bindal Agro, Tata Tele Maharashtra, GMR Infrastructure, IFCI, JP Hydro and Nagarjuna Fertilizers, as open interest positions have crossed the 95 per cent of the market-wide position limit.

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