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Our Bureau

Chennai, Nov. 26 Turnover improved marginally to Rs 48,888.96 crore in the F&O segment on Wednesday, against Tuesday, but that was sharply lower when compared with the previous month figure.

Generally, during the settlement week, turnover tops at least Rs 60,000 crore. The Nifty November future, however, witnessed a sharp rally thanks to short-covering. It saw a rollover of 45 per cent, which is lower than the previous month. However, the overall market wide rollover stood at 50-52%.

The Nifty November future closed at 2,758.55 and the December future at 2,768.3 against the spot close of 2,752.25. This indicates rollover of long positions to December series. The NSE volatility index or India VIX declined to 56.21 from Tuesday’s index of 59.56.

Among the options (December) Nifty 2600 put and 2800 call were active. This indicates that Nifty might move in that range for some time.

Reliance, SBI and NTPC were the top counters. While the first two saw rollover of long positions to December series, NTPC saw short positions being rolled over.

Besides, ICICI Bank, Bharti Airtel and ITC also witnessed sharp accumulations, mainly on the long side.

Siemens, which announced a drop in net profit, saw sharp accumulation of short in December series. While the November future closed at 219.9, the December future ended at 220.8 against the spot close of 223.9.

Foreign institutional investors remained net buyers to the tune of Rs 945.13 crore in the F&O segment on Wednesday. However, in the cash segment, they continued to be net sellers (to the tune of Rs 416.82 crore).

More Stories on : Derivatives Markets | On the hedge

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