Business Daily from THE HINDU group of publications
Friday, Sep 28, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Sep 28, 2007 ePaper |
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Markets
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Derivatives Markets Columns - On the hedge Our Bureau Chennai, Sept. 27 Thursday’s session was a historic one for the National Stock Exchange. The benchmark index, Nifty scaled the 5000 peak and went on to close the day above this level. Turnover in the derivative segment of NSE were at a record high at Rs 86,226 crore; surpassing the previous high recorded on Tuesday. The last day of trading in the September contracts witnessed a flurry of activity, having to roll over a fairly heavy series; with the open interest above Rs 1,00,000 crore. However, the wave of optimism engulfing the markets at this juncture has ensured a smooth roll-over. Stocks that are ruling at a premium to their spot price, thus reflecting a positive trend include: Nucleus Software, HTMT Global and Union Bank of India. The stocks that are ruling at a discount to their spot include Lanco Infratech, Strides Arcolab and LIC Housing Finance. Among the single stock futures, Rajesh Exports, National Aluminium and Jet airways witnessed significant addition to open interest while Jindal Stainless, Chennai Petro and Oriental Bank of Commerce shed open interest. Securities in BanThe NSE banned the trading in the derivative contracts of GMR Infra, IFCI, Bongaigaon Refinery and SRF since the open positions in these securities have crossed 95 per cent of the market-wide position limit. FIIs pumped in Rs 4,255 cr on Wednesday Derivative entrants notch up quick gains Total turnover hits Rs 1-lakh cr 30% rollover seen in Nifty futures More Stories on : Derivatives Markets | On the hedge | Stock Exchanges
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