Tata Steel futures up

DERIVATIVES REPORT

With three more days left for the expiry of the September futures, the volumes in the derivatives segment came down significantly on Monday.

Dealers attributed the dip in volume to the last day of the Ganapati Festival with all markets seeing low volumes.

The turnover in the National Stock Exchange futures and options was Rs 8,406 crore, while the total outstanding open interest position has improved marginally to more than 27 crore shares.

The turnover in index futures was Rs 2,485 crore and the open interest position nearly 1.3 crore shares.

Stock futures saw a turnover of Rs 4,933 crore and an outstanding open interest position of 17.63 crore shares. A total of 2.7 lakh contracts were traded.

The top traded contracts in the futures segment were Tata Steel, Reliance Industries, Tata Motors, Infosys Technologies and Satyam Computer among others.

In terms of open interest, Tata Steel was the most popular.

The open interest of the September contracts were slightly more than 98 lakh shares, while the open interest in October contracts jumped to 70 lakh shares.

The open interest position in Tata Motors was 64.40 lakh shares.

In option calls, the top traded contracts were those of Tata Steel at a strike price of Rs 290, Satyam 370 and 380 and Tata Motors at 410 and 420.

In options puts, the most popular were Satyam at a strike of 370, Tata Motors at 400, 410 and Tata Steel at strikes of 290 and 280.

Nifty September futures ended at 1,718, a slight premium to the spot Nifty which closed at 1,717.50. The October futures closed at 1,713.35 and the November contracts at 1,709.50 at the end of the day's trading.

The put-call ratio has been steady at 0.4:1 for the last three trading sessions.