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ITC gains on unwinding of short positions in Nov futures

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Reuters
Last Updated : Nov 18 2013 | 3:25 PM IST

Reuters Market Eye - Shares in cigarette maker ITC surge on unwinding of short positions in its November futures contracts, dealers say.

The November futures contract shed about 1 million shares in outstanding open positions by 0911 GMT compared with its 5-day average change of 0.23 million shares, as per Thomson Reuters and NSE data.

ITC shares rise 3.2 percent, while its November futures are down 3 percent.

(Reporting by Abhishek Vishnoi)

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First Published: Nov 18 2013 | 3:18 PM IST

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