Turnover tops Rs 11,000 crore

Derivatives Report

 Nifty continued to be among the most active futures contracts with others being Tata Motors, Tata Steel, Reliance Industries and Satyam Computers.

 Dealers said that the Nifty futures were trading at a discount to the underlying cash Nifty in early trades.

 But towards the close of the trading session the index futures ended at a premium of around two to three points above the cash Nifty.

 There was an addition of four lakh shares to the Nifty futures open positions. There was also a fall in the implied volatility of call options to 21 per cent though in the case of put options the implied volatility remained stagnant at 26 per cent.

 Dealers said that the roll-over of positions took place across all sectors. In the futures segment the rollover is estimated to be around 30 per cent.

 Nifty November futures saw a total traded volume of Rs 1749.58 crore. Telco futures were traded for a total value of Rs 1035.30 crore.

 There was some addition to open positions in the case of stocks such as State Bank, Oriental Bank of Commerce and Punjab National Bank, all in the futures segment. Dealers said that in the December series the cost of carry is hovering around the 14 per cent mark in the case of bank stocks.

 Dealers said that refinery stocks also saw a roll-over of positions, specially in the futures segment. HPCL is again inviting

 Oil sector stocks witnessed roll-over of positions and addition in the futures segment. HPCL is again inviting interest from among investors and there was an addition of more than seven lakh shares in open positions with 50 per cent of its open interest being rolled over.

 The stock of another refinery major, Indian Oil also saw an addition of open interest. According to a dealer,