• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Nov. 11 Amid falling prices, turnover improved in the F&O segment to Rs 43,386.8 crore against Monday’s figure of Rs 30,290.49 crore.

The Nifty November future, which was maintaining healthy premium, also turned into discount; it closed at 2921.6 against the Nifty spot close of 2938.65 and added about 22.94 lakh shares in open interest. Most of the accumulation in Tuesday’s trade was on the short side.

Among the options, Nifty 3200 call and 3000 put were the most active. The other active options were 3100 call, 2900 and 2800 put. While 3100 call added about 5.43 lakh shares in open interest, the 2800 put shed 1.19 lakh shares (or 3.8 per cent). This indicates that Nifty might face strong support around 2800 level.

The un-matched bid/ask order book on 3200 calls, which accumulated 4.79 lakh shares in open interest, suggests emergence of call buyers.

After showing of signs of weakening in the last few days, the NSE Volatility Index or India VIX jumped once again in Tuesday’s trading. It ended the day at 66.99 against the previous day’s close of 63.76, indicating that market might see another bout of volatile session.

Most of the active stock futures ended in discount to the spot close; this suggests that accumulation of short positions. Among them were Reliance Industries, Reliance Communications, NTPC, Infosys, Reliance Capital, Reliance Infrastructure, BHEL and ICICI Bank.

RCom also saw a drop of 1.08 lakh shares in open interest indicating short unwinding.

Contracts on NTPC, Infosys and Reliance Capital witnessed only a little change in open interest positions. This indicates that traders unwound their positions during intra-day itself.

Foreign institutional investors remained net sellers to the tune of Rs 389.82 crore in the F&O segment on Tuesday. They were net sellers in index futures by Rs 325.03 crore, in index options by Rs 2.11 crore and in stock futures by Rs 79.01 crore.

More Stories on : Derivatives Markets | On the hedge

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line