| The turnover on the National Stock Exchange's futures and options segment rose marginally to Rs 17,587.50 crore from Thursday's Rs 17,053.45 crore. |
| But open interest in most individual stock futures contracts of February 2004 declined for the second day in a row on Friday. |
| Nifty futures saw high volumes, but there was hardly any change in the open interest. The implied volatility in call options inched up marginally to 22 per cent and to 25 per cent in put options. |
| Nifty February futures ended at a marginal premium to the spot at 1,853.20 compared with the spot Nifty closing of 1,852.54. In the spot market, Nifty shed 5.65 points to 1,852.65 in volatile trade. |
| The open interest in Nifty February 2004 futures declined sharply to 75.04 lakh from Thursday's 86.17 lakh. The turnover in Nifty February 2004 futures rose to Rs 5,839 crore from Thursday's Rs 5,111.55 crore. |
| Rollover of positions to the next month series was witnessed in certain stocks. Tisco saw rollover of ten lakh shares to the March series. |
| Rollover in IPCL has so far touched over 12 lakh shares while GAIL has witnessed rollover of 15.4 lakh shares. Open interest declined sharply in Mahindra & Mahindra, Maruti Udyog, Satyam Computer and Reliance Industries. |
| February 2004 futures of most of the stocks traded at a discount to the spot ahead of the expiry of contracts. State Bank of India (SBI), Satyam Computer and Tisco traded at a substantial discount to the spot. |
| Elsewhere, SBI February 2004 futures ended at a substantial discount to the spot at Rs 604 compared with its spot closing of Rs 610. Open interest in SBI February futures declined to 65.20 lakh shares from 67.11 lakh shares. |
| Satyam Computer February 2004 futures also ended at a discount to the spot at Rs 309.90 compared with its spot closing of Rs 313.55. Open interest in Satyam February futures declined to 49.41 lakh shares from 53.37 lakh shares. |
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