The Hindu Business Line : Nifty options turn active

Trading volumes continued to remain dull at the F&O segment on the NSE. Turnover on Monday stood at Rs 32,302.80 crore against Friday’s figure of Rs 33,723.32 crore. Nifty April future closed with a premium of about three points with respect to the spot close. This indicates that lot of positions were squared-off during intraday itself.

Nifty April future closed at 4764.4 against the spot close of 4761.2 and shed about 4 per cent in open interest positions. Nifty May future closed at 4756.65 and the June future at 4751.80, suggesting creation of fresh short positions in those farther month contracts.

Nifty options turned most active in today’s deal. Among the call options, 4800, 5000 and 4900 strikes remained the most active while the 4700, 4600 and 4800 were the most active strikes among the put options.

While all the above put options added open interest positions, the calls saw drop in open interest positions, indicating negative bias in the market.

Stock futures

Reliance Industries was the most active followed by Reliance Petroleum and Reliance Capital. The other active counters include BHEL, Orchid Chemicals, SBI, Reliance Energy, SAIL, Tata Steel and Larsen Toubro.

Among them. Orchid Chemicals April future jumped 15.7 per cent and added 12.23 per cent in open interest positions. The April future closed at 205.95 against the spot close of Rs 207.20. This indicates short-covering in the closing hours.

The other counters that added healthy open interest positions were Reliance Energy, BHEL and Reliance Petroleum.

FIIs buying

Overseas investors remained net buyers to the tune of Rs 413.83 crore in the F&O segment on the Monday. Their net buying in index futures stood at Rs 293.33 crore, stock futures at Rs 102.54 and in index options at Rs 18.17 crore.

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