Traders roll over 42% of Nifty futures ahead of F&O expiry

Reuters | Updated on January 20, 2018 Published on February 24, 2016


NSE share index fell 0.61 per cent a day ahead of the expiry of monthly derivatives contracts.

According to data, traders rolled over 42 per cent of the Nifty futures contracts to the March series that starts on Friday.

Market wide rollover stood at 50 per cent.

“Sector wise, technology, FMCG, pharma and auto counters have seen better rollover, whereas the banking space have seen built-up of short positions,’’ says Chandan Taparia, derivatives & technical analyst at Anand Rathi.

Concerns over inflows remain, as overseas investors remain net seller in the futures market, Taparia adds.

FIIs sold $41.10 mln of Indian stocks on February 22, taking this year’s outflow to $2.43 billion.

The India Volatility Index, which measures the implied volatility of stock options and is often seen as a gauge of investor fear, is down 0.8 per cent at 23.64.

Published on February 24, 2016
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