| The total outstanding open interest in the segment was 27.42 crore shares, which dealers said was an encouraging signal and portend an upward movement in the cash market. |
| Index futures saw a turnover of Rs 1,857 crore with open interest position at 1.14 crore shares. Stock futures recorded a turnover of Rs 4,274 crore and an outstanding open interest position at 19.63 crore shares. |
| Analysts tracking the segment said that the market is likely to dip a little bit before rising again. Going by the trends in the derivatives segment, dealers said that IT stocks as well as banking stocks will be leading the rally. |
| The lack of volumes and relative inactivity in this segment is due to the market waiting for the results to come in right earnest. Infosys and TCS will be announcing their results on Tuesday. |
| In the futures segment, the most active contracts were those of Tata Steel, Reliance Industries, Infosys, TCS, Satyam among others. |
| Tisco's total open interest at close was 2.47 crore, Arvind Mills one crore, Maruti 83.26 lakh shares and MTNL around 78 lakh shares. |
| Analysts said that Monday's correction was inevitable as the rally last week was accompanied by very poor volumes in the derivatives segment. There is a significant build-up of short positions on the Nifty while the Nifty put-call ratio is now fairly high in excess of 1.10:1. |
| The Nifty October futures ended at 1,805.55, compared to the spot value closing of 1,807.75. The November futures closed at 1,803.15 and the December futures at 1,800.65. The put-call ratio was significantly high at 0.39. |
Top Section
Explore Business Standard