Volumes remain flat

DERIVATIVES REPORT

Volumes in the derivatives segment were almost flat with the turnover recorded being of the level of Rs 5,748 crore with a total of 1.98 lakh contracts being traded. The total open interest in the market in the derivatives segment was of the order of 20.65 crore shares.

Nifty index futures saw a turnover of Rs 1,677 crore with the open interest 87.38 lakh shares and stock futures saw a turnover of Rs 3,460 crore and the open interest at 15.20 crore shares.

Among the futures segment the most active contracts were those of State Bank, Satyam Computer, which saw a total traded value of Rs 281 crore, Reliance (Rs 271 crore), Tata Steel (Rs 264 crore) and Tata Motors (Rs 221.42 crore).

At the end of the week's trading the total outstanding open interest in Reliance was of the order of Rs 406.12 crore and in Tata Steel futures Rs 357 crore.

In the options segment the most active contracts in calls were those of Satyam at strikes of 350, 360 and 340, Tata Steel at a strike of 250 and Tata Motors at a strike of 380. In puts, the most active contracts were Satyam at strikes of 350, 340 and 360, and Sate Bank at strikes of 450 and 440.

The top five stocks, in which the futures are trading at a premium to the spot price indicating bullish sentiments are, Bank of India, Syndicate Bank, Arvind Mills, Polaris Software and Hindustan Lever.

Stocks whose futures are trading at a discount to their spot prices indicating a bearish outlook are MTNL, Nalco, GAIL, Bharat Electronics and Bank of Baroda.

Meanwhile Nifty September futures closed at a discount of 4.25 points to the spot Nifty. Both the other October and November series were also at a discount to the spot closing value of the Nifty. In the options segment the Nifty strike at 1500 was the most traded with a total volume of 49,000 being traded.