Slight dip in open interests

DERIVATIVES REPORT

The open interest in the derivatives segment came down slightly, and at the end of Monday's trading there were around 46 crore share outstanding.

The turnover in the segment on the National Stock Exchange (NSE) was at Rs 12,648 crore with a total of 3.5 lakh contracts being traded.

Stock futures recorded a turnover of Rs 8,585 crore with open interest position at over 36 crore shares, and index futures saw a turnover of Rs 2,667 crore with open interest at 1.2 crore shares.

On the NSE the most active futures contracts were those of Reliance Industries, Tata Steel, Tata Motors and IPCL among others.

The Nifty January futures closed at 2118.70, a slight premium to the spot Nifty closing of 2115 at the end of the day. There was an addition of seven lakh shares in open interest to the Nifty futures.

The put-call ratio of the Nifty also went up by nine per cent to 0.88 with the addition of three lakh shares to call options and five lakh shares to put options.

Stocks, which saw substantial addition of open interest in their futures were Bajaj Auto, GAIL, Tata Power, MTNL and Hindalco, among others.

On the other hand BPCL, Punjab National Bank, and Bank of India lost in open interest. FIIs were net sellers in derivatives to the tune of Rs 160 crore, while their open interest stands at Rs 9,067 crore.