Tata Steel in action

DERIVATIVES REPORT

The outstanding open interest position surged to over 36 crore shares in the derivatives segment even as volumes remained largely flat on Wednesday.

On the National Stock Exchange (NSE), the turnover in the segment was to the tune of Rs 7,985 crore, with a total of 2.4 lakh contracts being traded.

Index futures turnover was Rs 1,396 crore, with the open interest at slightly over one crore shares, while stock futures witnessed a turnover of Rs 5,136 crore and outstanding open interest of over 25 crore shares.

On the BSE's derivatives segment, the volume were of the order of Rs 240 crore, while in the weekly options segment it was at around Rs 9 crore. On the NSE, the most active contracts in the futures segment were those of Tata Steel, Satyam Computer, Reliance Industries and Infosys among others.

In terms of open interest, NTPC occupied the top slot with open interest at close to three crore shares, Open interest in Tata Steel was at 2.7 crore, IPCL at 1.5 crore and Reliance at 1.3 crore.

In the case of Nifty futures, the open interest increased by around 1.5 lakh shares.

The Nifty November futures closed at 1,886.20, a discount to the spot value which ended at 1,888.65. The put-call ratio for the segment as a whole was at 0.41, while Nifty put-call ratio was at 1.20, with the implied volatility at around 16 per cent. Banking stocks are doing well in the cash segment.

This was reflected in the options segment as well where these counters saw an increase in the put-call ratio at over 0.5.