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Our Bureau

Chennai, May 7 Trading volume at the F&O segment on the NSE remained subdued at Rs 33,563.90 crore against Tuesday’s figure of Rs 32,972.85 crore.

Nifty May future closed at 5151.30 in premium to the spot close of 5135.50. However, there was no change in open interest positions indicating that lot of short positions were squared off during the day itself. Short-covering also helped the Nifty future recover smartly during the closing hours of the day.

Among the Nifty options, Nifty 5200 call was the most active. Apart from 5200 call, the Nifty 5000 and 5100 puts also remained active. While 5100 put added about 8 per cent open interest positions, 5200 call saw a marginal increase in open interest positions; 5000 put, on the other hand, shed open interest positions. This indicates that the Nifty future might move in 5000-5200 range.

Reliance Industries was the most active counter followed by Tata Steel, Cairn India, Reliance Petroleum, Bharti Airtel, SBI, Shree Renuka Sugars, Reliance Capital, DLF and Infosys Technologies.

Among them, Cairn India and Shree Renuka Sugars hogged the limelight. The Cairn India May futures closed with a gain of 7.5 per cent at Rs 280.35 in premium to the spot close of Rs 278.50. Besides, it also added about 16 per cent or 10.3 lakh shares, indicating optimism of market participants.

Shree Renuka Sugars May futures also saw an increase of about 8 per cent in open interest positions and closed with a gain of 7.28 per cent at Rs 133.40 with respect to the spot close of Rs 132.75.

The other counters that saw active accumulation are Bharti Airtel and SBI.

Overseas investors remained net sellers to the tune of Rs 232.94 crore in the F&O segment on Wednesday. They were net sellers of Rs 156.67 crore on index futures and Rs 170.84 crore on stock futures, but remained net buyers to the tune of Rs 48.59 crore on index options and Rs 45.98 crore on stock options.

On the cash segment, however, they were net buyers of about Rs 88.3 crore, according to a provisional data provided by the NSE.

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