The Hindu Business Line : Reliance Power sheds open interest

Chennai, Feb. 18 Trading volumes remained low in the F&O segment on the NSE on Monday at Rs 32,416.67 crore – the lowest in the last nine trading sessions.

The Nifty February future ended in discount of about four points against the spot close. Open interests also declined marginally, indicating traders are not willing to carry forward their positions. Nifty 5300 call option was the most active among options suggesting strong resistance at this level.

Stock futures

RNRL was the most active counters. Other active counters include Reliance Energy, Reliance Capital, Reliance Industries and Reliance Power.

Among them, the star performers on price front are RNRL and Reliance Power. RNRL Feb future jumped 4.4 per cent and added 3.14 per cent in open interest positions. The future also ended in premium at Rs 143.4 against the spot price of Rs 142.95.

Though Reliance Power Feb future jumped 6.62 per cent, it shed open interest and ended in discount at Rs 410.15 against the spot price of Rs 413.95, suggesting a negative bias for the counter.

FIIs remain neutral

Foreign institutional investors remained net buyers to the tune of Rs 90 crore, suggesting their neutrality on the market. While they were net buyers to the tune of Rs 89.45 crore on index futures and Rs 6 crore on stock futures, they sold Rs 21.38 crore worth index options.

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