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Anup Menon

Single stock futures continue to attract considerable market interest in the derivatives segment. The near-maturity January contracts were in big demand during the week. Among the stocks the most popular contracts were on Satyam Computers, Digital Equipment, Infosys Technologies, Reliance Petroleum, Reliance Industries and ACC among others.

In the near maturity January contracts the most actively traded continues to remain Satyam Computers, Digital Equipment and Infosys Technologies.

The top traded contract was on Satyam Computers. Close to 17,922 contracts were traded during the week, close to double the volumes recorded in the previous week on the same contract. The contract did not trade in a volatile range with the weekly high and low being 243 and 226 respectively.

The contract on Digital Equipment remained the second most actively traded near-maturity contract. Weekly aggregate volumes stood at around 13,046 contracts. Expectations on the stock displayed a relatively lower level of volatility with the weekly high and low for the contract fluctuating between a high of 509 and a low of 477.

The third most active contract was on Infosys Technologies. Total traded volumes during the week stood at around 6,664 contracts. The expectations on the stock were relatively volatile during the week. The valuation of the contract touched a high of 4287 and a low of 4008 respectively during the week.

Among the medium maturity February contracts, the most actively traded was Reliance Petroleum. Aggregate weekly traded volume stood at around 333 contracts only. The future expectations on the stock were not very volatile with the weekly high and low for the contract value being 31 and 29 respectively.

Satyam Computers was the second most actively traded medium maturity contract. Around 330 contracts were traded during the week. The expectations on the stock displayed some level of variation with the weekly high and low value for the contract being 278 and 228 respectively.

As usual there was virtually no trading interest in the long maturity March contracts. Traded volumes continued to remain negligible.

The most active among the long maturity contracts was Telco. Volumes during the week stood at around 46 contracts only. March expectations on the stock were not very volatile with the weekly range lying between a high of 99 and a low of 96.

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