The Hindu Business Line : Turnover crosses Rs 1 trillion in NSE F&O segment

Chennai, Oct. 3 The NSE derivative segment created another history on Wednesday as the turnover crossed the Rs 1 trillion mark — the F&O segment witnessed a turnover of Rs 1,00,056.19 crore while the combined turnover of NSE and BSE cash markets along with F&O segment accounted for Rs 1,33,540 crore.

Stock futures accounted for Rs 61,123.51 crore of Wednesday’s turnover.

The top 10 contracts contributed to around 52 per cent of the total traded volume in futures on individual securities.

Reliance was the most active future contracts on individual securities followed by Reliance Energy.

Premium

The Nifty future was also swung wildly around the Nifty spot market.

At one point of time, it was quoting at a discount of as high as 20 points. But due to some short-covering as well as on a few long positions, Nifty future ended the day with a premium of about 19 points.

Among Nifty options, 5,200-call and 5,000 put were the most active, suggesting resistance and support levels.

Among stock futures, banking counters such as Axis Bank, Canara Bank, Corporation Bank and Federal Bank shed open interest positions. This indicates that banking counters could see correction.

FII position

Even though FIIs were net sellers on Monday, they were net buyers in index options, expecting a volatile market.

Securities under ban

The NSE has imposed a ban on Nagarjuna Fertilizers, Arvind Mills, and Tata Motors as market-wide position limit has crossed the 95 per cent mark.

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