Nifty futures remained volatile and the discount fluctuated between two and five points to the spot Nifty.
Nifty July futures fell 0.15 per cent to close at 1158.20, while the NSE S&P CNX Nifty ended the trading session at 1161.65. Nifty August futures settled at 1156.30.
Meanwhile, the most active futures counters were Satyam, Tata Steel, HPCL, Infosys and Tata Engineering.
In Nifty options, calls dominated the trading. Nifty 1170 and 1150 call strikes dominated the trading.
The implied volatility was around 15 per cent in Nifty call options whereas the volatility of put options was 21-22 per cent.
The discount in the futures was two points towards the close of the day.
In stock futures, Satyam was very active during the day with volumes of Rs 291 crore. The counter added 10 lakh shares in open interest positions in July futures. The stock also added 5.50 lakh shares in call options with strikes of Rs 200 and Rs 210.
There was no increase in open positions in put options. Most economy stocks lost open interest in the futures segment.
HPCL shed 1.5 lakh shares, IPCL shed three lakh shares, RIL shed three lakh shares and Tata Engineering shed 1.25 lakh shares in open interest positions.
Open interest positions decreased by six lakh shares in Tata Steel. However the counter added approximately the same quantity in July call options with strikes of 185 and 190.
This indicates shifting of positions from the futures to the options segment. There was an increase of 1.5 lakh shares in Tata Power while Maruti added one lakh shares in the futures segment.
