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C. Raja Rajeshwari

THERE was a flurry of activity in the derivatives segment of the National Stock Exchange with May contracts expiring on Thursday and August contracts introduced for trading. Contracts on Sterlite Opticals were removed and contracts on I-flex were introduced on Thursday based on eligibility criteria.

Nifty futures: The Nifty appreciated on all days with the exception of Tuesday. The Nifty climbed 38.9 points to close at 1006.80 points.

# The Nifty May future closed on the day of expiry at 989.20.

# The June futures closed the week at Rs 999.35, gaining 29.3 points from its previous week's close of 970.05. The contract closed with a discount of 7.45 points to the spot close on Friday. Open interest jumped two fold week-on-week. However, there was a 2.73 per cent decline in the open interest of July futures on Friday.

# The July futures closed the day at 999.20 points, at a discount of 7.6 points to the Friday's spot.

Stock futures: Satyam, Reliance, SBI, Tata Steel, Tata Engg and HPCL were the most active this week.

# The ACC June future closed the week at Rs 146.45, gaining Rs 9.45 from its previous week's close. Open interest was higher by two-fold.

# Dr. Reddy's June futures closed the week at Rs 880.85, with open interest jumping. With the spot appreciating by 7.65 per cent, the trading interest in this contract perked on the last two trading days.

# i-flex June future quoted at Rs 842.50. After its introduction, 117 contracts were traded and the open interest climbed to 18300 contracts.

# BPCL June future closed at Rs 268.80, gaining Rs 15.6 from its previous week's close of Rs 253.2.

# Tata steel announced its results this week. The stock appreciated 8.60 per cent week-on-week. The June future closed this week higher by Rs 9.75 at Rs 150.70. Open interest jumped by 48 per cent on Thursday.

Nifty options: The most active contracts were the 990 and 980-strike. However, with the Nifty appreciating, the trading interest shifted to 1000 and 1010-strike.

# The June 1000 call (ITM) gained Rs 10.15 from previous week's close of Rs 7 to end the week at Rs 17.15. The open interest jumped on Thursday when the nifty crossed the 1000-level.

# The June 980 calls (ITM) was second in line with huge open interest build up.

# The June 1020 put (ITM) also gained trading interest from Thursday. It declined Rs 42.45 to close the week at Rs 28.

# The June 980 and June 940 puts (OTM) had huge open interest build-up.

Stock options: Reliance, Satyam Computers, HPCL and Tata Steel were the actively traded in this counter.

The SBI stock was active this week and closed the week higher at Rs 352.35.

# Among the SBI contracts the June 350 call, June 360 call were active.

# The June 340 call (ITM) closed the week at Rs 20.30, gaining Rs 4 over its previous week's close of Rs 16.30. Open interest jumped two-fold.

# Among the puts, the trading was concentrated in the June 340 and the June 350 contracts.

# The June 360 put (ITM) closed the week at 14.85, declining Rs 24.95 over the week. The trading interest perked up on Thursday.

The HPCL June 300 call, Tata Steel June 160 call, Tata Engg June 180 call and Satyam computers June 170 call closed this week with huge open interest build up.

Put-call ratio (PCR): Stocks such as Dr. Reddy, SBI, Satyam Computers, BHEL, L&T and Grasim indicating weakness in these in the forthcoming week. HCL, NIIT, Wipro, Mastek and Digital GlobalSoft closed the week with lower PCRs.

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