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Our Bureau

Chennai, Nov. 23

Turnover improved to Rs 80,377 crore in the F&O segment on Monday. Nifty Nov futures also scored ended on firm note at 5101.5 but discount against the spot close of 5103.55. The December futures, however, closed at 5111 and saw a rollover of 35 per cent.

The accumulation of over 10 lakh shares in Nifty 5000 December put suggests the strong emergence of put writers; it means that 5000 could act as a major support zone.

Reliance was the most active followed by Tata Steel, ICICI Bank and SBI. While most of the counter saw the rollover in excess of well over 30 per cent, Reliance Industries witnessed a rollover of 25 per cent. The RIL Nov futures closed at 2197 and the December futures at 2202 against the spot close of 2202. ICICI Bank saw a rollover rof 40 per cent, SBI 37 per cent and Tata Steel witnessed a rollover of 32 per cent.

December futures are ruling higher than the current month futures’ indicating rollovers were on the long side.

Overseas investors were net buyers to the tune of Rs 394.37 crore in the F&O segment, though they were net sellers on stock.

More Stories on : Derivatives Markets | On the hedge

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