Satyam futures top traded

DERIVATIVES REPORT

The volumes in the derivatives segment saw an uptrend on Wednesday. Turnover on the NSE's futures and options segment was of the order of Rs 9,557 crore with a total of 2.84 lakh contracts being traded. The total open interest position in the market was more than 25 crore shares.

Index futures saw a turnover of Rs 2,444 crore with open interest outstanding at more one crore shares and stock futures saw a turnover of Rs 5,699 crore and outstanding open interest position at around 20 crore shares.

In the futures segment, the top traded contracts were those of Satyam (Rs 753.58 crore), Infosys (Rs 619 crore), Tisco (Rs 603 crore), Reliance (Rs 394 crore), TCS, SBI, Tata Motors, Wipro, ONGC among others.

Dealers said that there was a lot of activity in technology counters, with the top rung stocks losing open interest. Satyam, for instance, shed around eight lakh shares in open interest, while Infosys lost around one lakh shares.

The volatility in technology stocks was due to uncertainty over the outcome of the US elections during the trading hours. Analysts said that profit-booking in some o the tech counters also resulted in the open interest going down.

Futures which added open interest were those of Union Bank, State Bank, MTNL, IPCL, and Canara Bank among others. Foreign investors were net buyers in index futures and options, according to data available.

The Nifty November futures closed at 1,839.50, at a premium to the spot Nifty closing of 1,837.40.