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Our Bureau

Chennai, March 12 Turnover picked up in the F&O segment on the NSE to Rs 44,632.78 crore against Tuesday’s figure of Rs 38,176.25 crore. The Nifty March futures now trail the Nifty spot by just four points and during intra-day dealings it was commanding a premium too.

The Nifty March futures shed about 4.60 per cent in open interest indicating profit-taking at higher levels by traders.

Among the options, Nifty 5000 call remained active indicating strong resistance at 5,000 for the Nifty.

The Mini Nifty March futures closed at 4867.95 and the Mini April future at 4850.35 but added open interest positions. This indicates small investors are still remaining bullish.

Reliance Industries was the most active among individual stock futures. Shree Renuka Sugars was the next most active counter followed by Reliance Capital, SBI, Reliance Energy, RNRL, RPL, Tata Steel and SAIL.

All these counters shed open interest positions indicating profit-taking. While Reliance Energy and Reliance Capital saw sharp drop in open interest positions, Shree Renuka Sugars added about four per cent in open interest positions. It closed the day at Rs 1,107 in discount to the spot price close of Rs 1,108.

Foreign institutional investors remained net buyers in the F&O segment to the tune of Rs 1,323.51 crore. They were net buyers to the extent of Rs 1,386.07 crore in index futures, Rs 200.51 crore on stock futures and Rs 20.57 crore on stock options. They, however, remained net sellers to the tune of Rs 287.57 crore on index options.

After remaining on the sell side during the last couple of days, FIIs turned net buyers in the cash segment as well. They were net buyers to the tune of Rs 127.94 crore.

More Stories on : Derivatives Markets | On the hedge

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