• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

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

Our Bureau

Chennai, Sept. 24 Trading volumes remained robust as the derivative markets entered into settlement week; turnover zoomed to about Rs 79,400 crore, of which , index futures saw a trading volume of Rs 16,647 crore while stock futures accounted for Rs 52,187 crore.

The top 10 contracts contributed to around 34 per cent of the total traded volume in futures on individual securities. Reliance Industries was the most active futures contracts on individual securities traded today with 68,325 contracts and Reliance Petroleum was the next most active futures contracts with 66,253 contracts.

The premium of Nifty September futures – commanded a premium of about 15 points by Friday close over the Nifty spot close – dipped to about six points as the expiry is fast approaching.

Nifty October futures, however, trails the Nifty by over 12 points. This indicates that a lot of long positions in September contracts have been squared off ahead of the expiry though not so much fresh positions have been added on October series.

Nifty futures saw about 30 per cent rollover of open positions. Among individual stocks, Tata Tele Maharashtra, IFCI, RNRL, RPL and Hindalco saw a sharp accumulation in October series.

After pumping in over Rs 4,255 crore and Rs 592 crore on Wednesday and Thursday, FIIs bought a net 1,381 crore of derivatives on September 21, according to figures published by the SEBI on its Web site. Overseas funds bought a net Rs 762 crore of Indian shares on September 21 in the cash segment, according to provisional figures provided by the exchange.

The NSE has imposed a ban on trading in the derivative contracts of Triveni Engineering, Rajesh Expo, Arvind Mill, Essar Oil, Bindal Agro, Bongaigaon Refineries and Tata Tele (Maharashtra) as open interest positions have crossed the 95 per cent of the market-wide position limit.

More Stories on : Derivatives Markets | On the hedge | Foreign Institutional Investors

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

Stories in this Section
Corporate developments

Copyright © 2007, 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