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C. Raja Rajeshwari

WITH the much-awaited correction in the benchmark indices last week, the F&O segment of the NSE saw a flurry of activity. However, the turnover volumes retuned to normal levels, after the huge turnover evinced in the previous week evinced when the July contracts becoming active. On Friday, the turnover stood at a week's high of Rs 4,938 crore.

Index futures: On Thursday, the Nifty futures evinced a turnover of Rs 683 crore. The Nifty gained after two days of losing streak on Thursday.

# The Nifty July futures gained 23.2 on a week-on-a week basis.

# The open interest for the July futures increased by 30 per cent.

# The July futures quote at an Rs 1.75 discount to the spot.

# The August futures gained Rs 25.2 to 1135.5 points as compared to Rs 1110.4; open interest improved two-fold.

Stock futures: The turnover for this week in the stock futures was higher as compared with the previous week.

# Tata Steel's July future had the highest open interest with a 4 per cent increase over previous week's open interest. The spot has been on the uptrend for the last fortnight. The stock closed the week at Rs 172.75, whereas, the July future closed the week at Rs 174.45. The steel stocks are on an uptrend on speculation of steel prices hikes.

# The July futures of SBI and Tata Engg stood next with open interest build-up. The Tata Engg had a 38 per cent increase in its open interest.

# BPCL closed the week at Rs 281 at an Rs 10 discount to spot. The open interest improved by 59 per cent.

Interest rate futures: the July futures on Notional 10 year coupon bearing bond were active. The contract closed the week at Rs 101.14.

Index options: the uptrend in the Nifty caused an increase in the turnover as compared with the previous week.

# The July 1140 call had the highest open interest at 1598 contracts. The call closed the week at Rs 20.30.

# The July 1120 call turned costlier to close at Rs 31.15. Open interest increased by 26 per cent.

# Among the put contracts, the July 1090-strike and 1120 strikes were the most active.

# The July 1140 (ITM) put closed the week at Rs 24.15. The open interest jumped two-fold week on a week-on-week basis.

Stock options: options of SBI, HPCL and reliance were the most active this week.

# Reliance spot was appreciating this week to close at Rs 333.

The most active contracts were the July 340-strike (OTM) and 330 calls (ITM). Among the puts, the July 330 put evinced trading interest closing the week at Rs 6.60.

# Tata Power's July 160 call (OTM) closed the week at Rs 5.90. The spot was appreciating all week and closed on Friday losing all its gains on selling pressure.

# The SBI July 390-strike and 400 calls were active (both were out-of-the-money). Open interest for the July 390 call stood at 741 contracts.

Among the puts, 390-strike and 380-strike contracts were active.

The SBI spot closed the day at Rs 387.40. The July 390 put (ITM) closed the day at Rs. 10.75; open interest stood at 234 contracts.

# The July 120 call (OTM) of MTNL appreciated and lost ground on Friday with the spot slipping to close the week at Rs 115.75. It closed with an open interest 267 contracts.

# The July 170 strike (ITM) and 175 calls (OTM) of Tata Steel had trading interest. Among the august contracts, the 170 call and 185 call were active.

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