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Our Bureau

Chennai, Sept 3 Turnover remained moderate at Rs 62,922.53 crore in the F&O segment on Thursday. The Nifty Sept futures closed in discount at 4,587.45 against the spot close of 4,593.55. It, however, added 6 lakh shares in open interest.

Among the options, puts shed open interests indicating profit taking. While 4500 put shed 7.74 lakh shares in open interest, 4400 witnessed a drop of 63,000 shares in open interest. However, calls continued to see higher accumulation suggesting the emergence of writers. This means that Nifty could face resistance.

Momentum counters such as Suzlon, Essar Oil, Reliance Capital and Reliance Communications shed open interest indicating profit-taking. Suzlon shed 13.23 lakh shares in open interest and closed at 100 against the spot close of 100.15; Essar Oil dropped 7.75 lakh shares in open interest and closed at 153.2 over the spot close of 152.65.

IFCI also saw a cut of another 35 lakh shares in open interest.

However, realty counters — Unitech, DLF and HDIL — witnessed healthy accumulations.

Foreign institutional investors remained net sellers to the tune of Rs 360 crore in the F&O segment.

More Stories on : Derivatives Markets | On the hedge

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