On the day of expiry of the November series, volumes on the derivatives segment shot up with stock futures turnover on the NSE going up sharply. |
On the NSE around 70 per cent of the positions of Nifty futures were rolled over to the next month series. The market heaved a sigh of relief at the optimism inherent in this move. |
|
Turnover on the NSE's futures and options segment was of the order of Rs 15,446 crore with 4.7 lakh contracts being traded. Stock futures saw almost a record turnover at Rs 10,572 crore. |
|
Total outstanding open interest was close to 44 crore shares, while in the case of stock futures it was over 30 crore shares. Nifty futures saw 90 lakh shares being rolled over. In the case of index options nearly 93 per cent expired worthless. |
|
Meanwhile, cumulative FII positions as percentage of total gross market position in the derivative segment as on November 24, 2004 was 23.76 per cent. |
|
The Nifty November futures ended almost on par with the spot value at 1901 at the end of the day. On the futures segment the most active contracts were those of Reliance, Tisco and Satyam among others. |
|
Reliance Industries saw roll-over of 1.2 crore shares or 82 per cent of open positions to the next month series. Its December series saw 1.16 crore (Rs 588 crore) worth of shares outstanding. |
|
|
|