The Hindu Business Line : Nifty 3800, 3900 puts add open interest positions

Chennai, July 1 Despite the market ending sharply lower, trading volumes picked up in the F&O segment to Rs 47,969.80 crore against Monday’s figure of Rs 45,408 crore. The discount of Nifty July future remained at 64.2 points against the Monday’s figure of 67.2 points. The Nifty July future closed at 3832.55 against the spot close of 3896.75. Open interest remained flat at 4.01 crore shares while cost-of-carry still remained negative 15.5 per cent, indicating that traders are not wiling to carry over their long positions.

Among the options, Nifty 4000 put and Nifty 4100 call were the most active. The former shed open interest positions but the latter added 1.88 crore shares. However, Nifty 3800 and 3900 put saw huge accumulations in open interest positions, signalling bearish outlook for the market.

Stock futures

Reliance Industries was the most active among individual stock futures followed by RPL and Tata Steel. Most of the stock futures are ruling in discount. Among them, Tata Steel and L&T are ruling at heavy discount with respect to their spot closes. While L&T future closed at 2123.45, the spot price ended at Rs 2142.35. For Tata Steel, the spot price closed at Rs 683.9 and the future at Rs 697.90.

FIIs were net buyers to the tune of about Rs 68 crore though they were net sellers in index futures by Rs 663 crore.

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