The derivatives market witnessed a marginal drop in the values but managed to close at a premium to the cash market. While the differential between the near month Nifty futures and the underlying was not much, the July and August contracts closed at a substantial premium to the index.
Volumes were on the lower side. The far month contract registered a rise in the number of trades. Nifty July futures lost 3 points at 1069.45, the S&P CNX Nifty closed lower by a marginal 0.90 points at 1,068.05. August Nifty closed at 1073.50 points and September closed at 1075.15 points.
Among index options, the 1060 June call option was the most actively traded paper with 85 trades. Nifty calls at 1080 and 1100 were also active. The most active put options were at the strikes of 1060 and 1070. The put call ratio stood at 0.49.
Trading in BSE sensex futures continues to remain dull. Only the near month futures managed trades. The futures ended at a premium to the underlying but there was a sharp drop in volumes. Among individual stocks, Satyam, Tata Engineering and Infosys were the top traded futures.
Satyam clocked 7099 trades and losed at a discount to the spot price. There was arbitrage in the ITC futures. Among stock options, the top premium gainers were VSNL, Tata Power and Tata Steel. Satyam call option was at 240 and L&T call at 180 had the highest open interest.
