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Wednesday, Jul 01, 2009
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Markets - Derivatives Markets
Columns - On the hedge
Realty counters continue to add open positions

Our Bureau

Chennai, June 30 Turnover improved to Rs 52,352 crore in the F&O segment on the NSE on Tuesday. The Nifty July future ended in discount at 4289.75 against the spot close of 4291.1. It also added 31.31 lakh shares in open interest position, most of which were on the short side.

Among the options, 4200 put and 4500 call were the most active. While the former added 3.25 lakh shares, the latter accumulated 3.3 lakh shares. The higher accumulations indicate that the Nifty might move in this tight range.

Stock future

Realty continues to attract market interest. Unitech added 1.39 crore shares in open interest, GMR Infrastructure accumulated 75.7 lakh shares, Suzlon witnessed an increase of 47.16 lakh shares, HDIL’s open interest jumped 46.16 lakh shares and DLF moped up another 22 lakh shares. But all these contracts ended in a discount with respect to the spot close, suggesting that these accumulations were on the short side.

Reliance Industries, which shed open interest on Monday, added 1.87 lakh shares in Tuesday’s trading. SBI, however, continued to shed open interest, albeit marginally.

Foreign institutional investors continued their selling. They have offloaded shares worth Rs 938.09 crore on Tuesday.

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