Volumes decline

DERIVATIVES REPORT

Volumes in the derivatives segment crashed and the NSE's futures and options segment recorded a turnover of a mere Rs 6,796 crore with close to 3 lakh contracts being traded.

Turnover in index futures was Rs 2,288 crore while turnover in stock futures was to the tune of Rs 3,433 crore. The total outstanding open interest was close to 38 crore shares.

The cumulative position of foreign institutional investors as a percentage of total gross market position in the derivative segment as on April 8 was 31.83 per cent.

According to data from Sebi, FIIs were net buyers in index futures to the tune of Rs 73 crore and net buyers in stock futures to the tune of Rs 88 crore.

Nifty April futures closed at 2001.70, a discount to the cash Nifty closing value of 2008.20, at the end of the day's trading.

In the futures segment, the most actively traded contracts were those of Tisco, Tata Motors, SBI and Infosys among others. The Nifty put-call ratio (PCR) fell to 0.81 from 0.86 with calls seeing an addition of three lakh shares in open interest.

Futures contracts which saw a reduction in open interest were those of Punjab National Bank, HCL Tech, BEL, Bank of India and NTPC among others. Others which saw an increase in open interest were those of Hero Honda, Canara Bank, Maruti, Bajaj Auto and Andhra Bank among others.