Despite a rally in the cash market, all three Nifty futures closed at a discount to the underlying index but higher than the previous level.
Trading interest was seen in Tata Engineering, Satyam Computer, Infosys Technologies, Wipro and Hindustan Petroleum Corporation. The total volume of the derivatives market rose to Rs 2,525.65 crore (from Rs 2,078.44 crore on Monday) with 108,526 contracts traded.
In Nifty futures, May futures surged 3.85 per cent to close 949.70, while the underlying index, NSE S&P CNX Nifty, settled at 951.85. June futures edged up 3.10 points to 949.95 and July futures rose 3.35 points to 950. In Nifty options, the top traded calls were at strikes of 950, 940, 960 and 930. The puts that attracted the highest trades were at strikes of 940, 930 and 950.
In stock futures and option, open interest fell in all the leading tech shares indicating that traders are booking profits on every rise. The put-call ratio was on the higher side at 0.80. Satyam Computer, Infosys Technologies and Wipro were the most active scrips. Open interest positions decreased by 3.2 lakh shares in Satyam futures and by one lakh shares in Tata Engineering futures.
