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| October Nifty futures rose 0.28 per cent to close at 14,420 while the NSE S&P CNX Nifty settled at 1,420.65. November Nifty contracts rallied 0.23 per cent to settle at 1,423.05. |
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| However, the cost of carry has dipped over the last two days due to the uncertainty. Nifty futures saw a trading volume of Rs 2,062.14 crore arising out of 72,039 contracts. |
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| In Nifty options, the top-traded option was the Nifty October call at 1440. Among the calls, the top-traded were at strikes of 1400, 1420 and 1430. Puts, in demand, were at strikes of 1400 and 1380. Nifty option saw 5,391 contracts getting traded at a notional value of Rs 155.60 crore. |
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| Meanwhile, the total turnover on the National Stock Exchange stood at around Rs 7,912.00 crore. While the cumulative FII positions as percentage of total gross market position in the derivative segment on Tuesday declined to 19.69 per cent from 20.11 per cent on Monday. |
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| In stock futures, the most active contracts were Telco, Infosys and Tisco followed by Satyam, SBI and Reliance. With the exception of Infosys, most of the active futures were trading at a small premium. Tata Motors added approximately 3.5 lakh shares in open interest positions in the futures. |
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| GAIL, Arvind Mills and Syndicate Bank, which have been listed recently in the derivatives segment, saw substantial build-up of open interest. These stocks exhibited positive movement and the trend is expected to continue. |
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| There was some increase in open positions in ACC and Ranbaxy. Both stocks closed on a flat note. ACC added 4 lakh shares in open positions while the open interest in Ranbaxy increased by 3.8 lakh shares. |
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| Bank stocks such as PNB, BOB and Canara Bank, which had run up smartly, saw some positions being pared in the futures segment on profit booking. |
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