Derivatives ended higher as the sentiment in the old economy segment of the cash market revived after the weekend showers brought some hopes of a better monsoon.
Nifty futures gained and all the three contracts attracted a substantial premium.
The near-month August contract closed 9.0 points higher at 966 compared with a gain of 8.50 points in S&P CNX Nifty at 963.25. It continued to be the highest-traded contract (7,031 contracts) in the futures segment. However, open interest fell marginally at 9,734 contracts. The September contract clocked higher trades at 173 contracts and 379 contracts, under open interest.
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Among index options of Nifty, the put-call ratio ticked up to 0.69 (previous 0.57). Call options, at strike prices of 980 and 950, were the top-traded contracts. And put options, at strike prices of 980 and 970, were active. Call options, at strike prices of 970 and 960, were also active.
Under stock futures, Satyam, Infosys and Reliance witnessed higher volumes. While Satyam closed at premium, Infosys ended at discount. Refinery stocks such as HPCL and BPCL were subdued.
In stock options, Satyam continued to be the most-favoured one. Its August call option, at 200 with 632 contracts, was the top traded stock. The top four strikes belonged to this stock.
Tata Engineering call option at 130 was also in the spotlight after the underlying share surged nearly seven per cent. Reliance call option at 260 was also witnessed good action and traded 183 contracts. Satyam call at 220 and Telco call at 140 had the highest open interest.