| F&O Outlook: Nifty rollovers gather steam |
| B G Shirsat / Mumbai February 27, 2008 |
| The markets opened on a buoyant note and sustained the high levels on strong global cues. The broader indices advanced further in afternoon trades, but pared some of the gains before close. The Sensex finally closed at 17,806 (up 156 points), while Nifty closed at 5,270 (up 69 points). Buying was witnessed across the board. The market wide rollovers picked up further, with about 48 per cent of the positions being carried forward into the March series. The roll cost continued to remain under pressure, hovering around 50-55 basis points. In line with expectations, the Nifty roll cost (cost for carrying over positions) expanded further to 30-31 points as against yesterday |
