| The total outstanding open interest in the market was of the order of close to 31 crore shares. |
| Index futures saw a turnover of Rs 2,508 crore and the outstanding open interest position was 1.25 crore shares. The equity futures section recorded a turnover of Rs 4,493 crore, while the open interest position was of the order of around 21 crore shares. |
| Among individual stock futures, Reliance Industries recorded the highest turnover at Rs 556 crore followed by Satyam Computer at Rs 529 crore. |
| The put-call ratio has also been steadily rising. On Thursday it was at 0.49 with puts at 11,362 and calls at 23,096 at the end of the day. |
| With just a week left for the expiry of the October futures, the Nifty near-month futures are quoting at a premium to the spot Nifty. |
| On Thursday the October futures closed at 183.15 against the spot closing of 1,779.15, though the November and December futures were still quoting at a premium to the spot closing. |
| Implied volatilities at 19 per cent are on the lower side and dealers said this indicates a bearish trend ahead. |
| The cost of carry is also not very high and on an annualised basis comes to around eight to nine per cent. |
| Rollover has already started fairly early this time around, especially on the part of foreign institutional investors (FIIs). |
| On Wednesday, FIIs were net sellers to the tune of Rs 154 crore, while there was substantial rollover of positions to the next month series. |
| The open interest of the FIIs was worth around Rs 6,000 crore. |
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