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Chennai, Feb. 13 Turnover continued to remain below Rs 40,000 crore at the F&O segment on the NSE. On Wednesday, the segment saw a turnover of Rs 37,555.25 crore against Tuesday’s figure of Rs 36,223.5 crore.

Nifty February future was volatile and moved into premium zone during intra-day due to unwinding of short positions.

However, it closed with a discount of 20.55 points with respect to the spot close.

Open interest slipped by about five per cent, indicating traders of nervousness, as they did not want to carry over their positions.

Among option, Nifty 5000-option was the most active and added about 56 per cent in open interest positions. This indicates that Nifty could face strong resistance around these levels due to the emergence of fresh call writers.

RNRL remained the most active contracts among individual stock futures. The other active counters include Reliance Industries, Reliance Capital, Reliance Energy, JP Associates, Essar Oil and Reliance Petroleum.

Among the star performer was Essar Oil, as its future jumped 13.34 per cent to 184.85 and added about two per cent in open interest positions. The Essar Oil spot closed at Rs 184. JP Associates February future slumped by about 11.24 per but added about 14 per cent in open interest positions.

Among the counters that saw decline in open interest positions include Reliance Communications, Reliance Industries, Reliance Petroluem and Reliance Capital.

Foreign institutional investors’ remained net buyers to the tune of Rs in the F&O segment on Wednesday.

In fact, they have stepped up their net buying to the tune of Rs 1,083.99 crore on index futures, Rs 603.59 crore on stock futures and Rs 18.77 crore on index options.

More Stories on : Derivatives Markets | On the hedge

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