All the three future contracts of S&P CNX Nifty finished at discount. The September future settled at 968.80 while the index closed at 970.05. However, the outstanding positions October did not rise too much, which indicates that players are still cautious of the market outlook.
Meanwhile, the expiry date of derivative stocks has been extended by a day to Friday due to a nationwide strike call on Thursday.
In Nifty options, the put-call ratio ticked up to 1.29 compared with 1.00 on Tuesday indicating that the correction is not yet over. However, a contrarian view is that the market is in oversold territory and could correct.
In stock futures, technology segment dominated with the underlyings gaining ground. Positions in HPCL and BPCL were rolled over to October. In stocks options, the top five strikes were that of Satyam Computer.
