Business Standard

Derivatives: Shifting Positions

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BUSINESS STANDARD

Trading in the futures market remained lacklustre today, with all three Nifty futures ending lower than their previous close.

However, the closing values were all at a premium to the spot prices. August futures trailed spot prices for most of the day, but eventually ended higher.

Dealers said there was lot of shifting of positions from August futures to September futures, indicating a reluctance to take a call in the short-term.

While open interest in August futures declined by 10 per cent, open interest in September futures rose 22 per cent.

In the Nifty index options, the highest volumes were in the Nifty August call at 990 with 119 contracts traded.

 

In stock futures, IT stocks continued to hold sway with Satyam Computer futures being the most traded. Its August futures ended at a discount to the underlying, while its September futures closed at a premium.

Satyam, L&T, Digital, HPCL and Infosys were the top traded stock options.


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First Published: Aug 23 2002 | 12:00 AM IST

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