Open interest at new high

Derivatives Report

Open interest on National Stock Exchange's future and option segment surged to an all-time high of Rs 10,077 crore on Friday. Meanwhile, the cumulative FII positions as percentage of total gross market position in the derivative segment (as on October 16) stood at 15.75 per cent. Nifty futures traded close to the underlying index.

Interestingly, Nifty futures added close to one lakh shares in open interest positions. October Nifty futures rose 8.80 points (0.56 per cent) to close at 1570.85 while the NSE S&P CNX Nifty settled at 1569.45. Open interest in October series rose by 1.29 per cent.

While the November futures rose 7.30 points (0.47 per cent) close at 1570.95. Open interest in November series by 30.39 per cent.

Elsewhere, in Nifty options, October call at 1570 witnessed hectic action. Other call strikes at 1540 and 1560 were in demand. While puts at 1500, 1560 and 1540 were active.

In stock futures, the most active futures contracts were the Tata Motors, Tisco, Reliance Industries, SBI and Satyam Computers.

Satyam added nine lakh shares in open positions while open interest positions decreased in Infosys. Open positions in Wipro reduced by 30,000 shares.