Volumes take a beating

DERIVATIVES REPORT

Volumes dipped in the derivatives segment on Wednesday even as the cash market was on fire.

The turnover on the futures and options segment of the National Stock Exchange was at Rs 6,882 crore with a total of just over two lakh contracts being traded.

The total outstanding open interest position, however, rose and was close to 34 crore shares.

Stock futures recorded a turnover of Rs 4,417 crore with the open market position at around 24 crore shares and the turnover in index futures at Rs 1,433 crore and outstanding open interest at just over one crore shares.

In the futures segment, the most active contracts were those of Tata Steel, Satyam Computer, Infosys Technologies, Reliance Industries and TCS among others.

In terms of open interest, the most active were those of Tata Steel, NTPC and IPCL where the outstanding open interest was close to three crore shares each.

In option calls, the most active contracts were those of Tata Steel at strike prices of 300 and 310, Satyam at strike prices of 400, 410 and TCS at a strike of 1,200.

NSE's Nifty November futures ended at 1,878.20 a premium against the cash Nifty closing of 1,876.10. The put-call ratio at the end of the day was at 0.42.