Nifty, Bank Nifty rollovers drop; Adani Power, CG Power see 90% each

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

Rollovers of Nifty and Bank Nifty contracts were lower in August as compared to the previous month, a signal that investors could be turning cautions following sharp recent gains. 

Nifty rollovers stood at 67 per cent for August, compared to 71 per cent in July, while Bank Nifty rollovers stood at 65 per cent against 76 per cent. Rollover is a term used for the carrying forward of derivatives positions from a series that is expiring, to the next-month series. Thursday was the expiry day for the August series derivative contracts. 

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