Cairn Energy, United Phosphorus add open interest positions
Chennai, Sept.10 It was a tepid start to the week in the NSE derivatives segment.
Volumes were low as market participants were divided about which way the market was heading.
Against Friday’s figure of Rs 38,666 crore, Monday’s turnover stood at Rs 37,333 crore, of which stock futures accounted for Rs 21,512 crore.
The top 10 contracts contributed to around 36 per cent of the total traded volume in futures on individual securities.
Reliancewas the most active future contracts on individual securities traded today with 55,943 contracts, while
Reliance Petroleumwas next with 31,319 contracts.
The discount, which was as big as 31.35 on Friday, has narrowed down considerably as many short positions were squared off, while a few fresh long positions were added.
Nifty futures now trails the Nifty by only 8.5 points.
Cairn Energysaw accumulation in open interest positions, followed by
Refinery counters saw some shedding as most of them reached the permissible limit.
Other counters that lost open interest included
Praj Industries, Maharashtra Scootersand
Counters such as
CESC, Strides Arcolaband
Aptechwere ruling at a premium to their respective spot prices.
However, CESC saw some shedding in open interest, while there was low activity in Strides Arcolab.
Securities under ban
The NSE continued its ban on the trading of
GMR Infrastructure, IFCIand
Tata Teleservices (Maharashtra), while adding
Bongaigaon Refineriesto the list on Monday, as open interest positions in these stocks have crossed 95 per cent of the market-wide position limit.
Escorts, which was under ban on Friday, has become eligible for trading.