The annualised cost of carry (CoC) of Nifty April futures is a positive 9.41% as against positive 6.95% on Monday. The major losers were VSNL, IndusInd Bank, Escorts, MphasisBFL, Cipla and Jet Airways.
Long OI build up was seen in Satyam (21%), TCS (29%), Infosys (11%), BPCL (12%), Essar Oil (11%), India Cement (11%), RIL (13%) and Neyveli Lignite (9%).
Short positions are seen in ICICI Bank (14%) as OI has been built up along with downward movement in stock price, and the CoC has also turned negative in the stock.