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Our Bureau

Chennai, Sept. 22 Turnover jumped to Rs 82,945 crore in the F&O segment with settlement for September series just round the corner. The Nifty September futures closed at 5,023 and the October futures at 5039.45 against the spot close of 5020.2. The rollover for Nifty futures stood at 35 per cent; the widening of premium indicates that most of the rollover was on the long side.

Among the options, open interest position is high in Nifty October 5300 call and 4800 put, suggesting that Nifty could witness a strong resistance at 5300 and a support at the 4800 level.

All the frontline stocks shed open interests in the September series, but the overall rollover was high at 38 per cent.

Action shifted from the likes of IFCI, Ispat Industries to Firstsource Solutions, India Infoline. Firstsource Solutions saw a rollover of 44 per cent and its October futures closed at 36.5 against the spot close of 37.4.

India Infoline October futures closed at 151.3 over the spot close of 150.3, and saw a rollover of 32 per cent.

Contracts on Ranbaxy Laboratories, Orchid Chemicals, Maruti Suzuki India, Hero Honda Motors TataMotors saw long rollovers.

FIIs made a meagre purchase of Rs 51.7 crore in the F&O segment.

More Stories on : Derivatives Markets | On the hedge

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