The Hindu Business Line : Suzlon makes debut

Despite depressed sentiment during most part of the week, the average daily turnover improved to Rs 22,336 crore against the previous week's figure of Rs 19,975 crore.

Another highlight of the week was the introduction of Suzlon in the F&O segment with a market lot of 400 units per contract.

Rollover was quite low at 20-25 per cent for Nifty contracts.

Fair Value: The fair value of the Nifty October contracts (without considering dividend yield) works out to about 2445 against the Friday's close of 2445.5 (assuming interest rate at 6 per cent).

The FV of November contracts stood at 2457 (appx) against the Friday's close 2440.9.

This indicates that farther-month contracts are still trading cheap as compared withto nearer-month onescontracts.

With just only four days are left for the settlement Nifty October contracts, the gap between futures fair value and the actual value is nil.

FII position: The cumulative FII positions as a percentage of total gross market position in the derivative segment increased to 32.1 per cent from the previous week level of 31.1 per cent.

However, FIIs have gone short on Nifty futures.

Stock futures: Reliance, Reliance Capital, SRF, Tata Steel and Tata Motors were the more-actively contracts. Apart from them, Infosys, Satyam and TCS also remained active.

* Implied volatility of puts increased for index heavyweights while the same declined marginally for calls.

* Put/call ratio on volume-basis and open-positions wise have increased for the index heavyweights albeit marginally.

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