Hectic activity remained high in stock futures of Infosys Technologies, Satyam Computers, Reliance Industries, Tata Engineering and State Bank of India.
However, the volumes in the market improved after a four-session lull. The aggregate turnover in the future and option segment on the NSE rose to Rs 2,421.53 crore (previous Rs 2,192.51 crore) with 89,408 contracts traded.
In Nifty futures, February and March contracts ended at a marginal premium to the spot index. Interestingly, the derivatives market indicates that a sharp move is in the offing, which could be in either direction. The put-call ratio for tech counters is showing some positive bias.
In Nifty futures, February Nifty futures settled with a gain of 18.35 points at 1066.00, while the S&P CNX Nifty closed 1064.20.
March futures finished up 17.30 points at 1066.00. However, April futures shed 15.30 to close at 1063.00. In index options, the put/call ratio shot up to 0.80 from 0.88 on Wednesday.
