Nifty Rollovers

Nuvama Alternative & Quantitative Research expects the bullish momentum in the market to continue with sectoral rotation in August derivatives series.

Rollover analysis May series: HNIs are starting May series with record high OI in single-stock futures; Nuvama Alternative & Quantitative Research expects Nifty to hit highs after range-bound trade.

Overall, market rollovers were in line with the previous month at 88%

The rollover of Nifty futures contract stood at 56.1 %, lowest since 2015

FIIs purchased shares worth Rs 9,120 cr in July, taking the year till date purchases to Rs 28,369 cr