Volumes, open interests soar

DERIVATIVES REPORT

The volumes in the derivatives segment soared up and the NSE's futures and options segment recorded a turnover of over Rs 13,000 crore with a total of 3.8 lakh contracts being traded.

The total outstanding open interest position was over 39 crore shares.

Stock futures registered a turnover of Rs 8,938 crore with open interest at over 29 crore shares while index futures saw a turnover of Rs 2,483 crore and open interest at close to 1.2 crore shares.

In the futures segment the top traded contracts were those of Reliance Industries, State Bank, Tata Steel, Satyam and Infosys among others.

In terms of open interest NTPC was at the top with 6.43 crore shares outstanding, Tisco 2.53 crore shares and IPCL 1.5 crore shares.

The Nifty December futures ended at 1994.85, a discount to the spot closing value of 1999, a record high.

The Nifty futures added around 12 lakh shares in open interest, while the Nifty's /open interest put-call ratio remained at 1.11.

According to figures available the market put-call ratio went up with the put options increasing by 12 per cent and call options going up by around eight per cent in terms of open interest.

Banking stock futures added substantially to their open interest positions such as Canara Bank, HDFC Bank and State Bank.

Arvind Mills and ONGC also saw their open interest going up. Reliance reduced its open interest by 3.5 lakh shares and the put-call ratio also rose from 0.47 to 0.5 during the day.