Volumes stagnant

DERIVATIVES REPORT

The volumes in the derivatives segment remained almost at last Friday's levels. The turnover on the futures and options segment of the NSE was at Rs 7,709 crore with a total of 2.4 lakh contracts being traded.

However, the outstanding open interest position is going up and at the end of the day stood at over 32 crore shares.

Index futures reported a turnover of Rs 1,472 crore with outstanding open interest position at over one crore shares. Stock futures saw a turnover of Rs 5,083 crore while the open interest was over 23 crore shares.

Dealers said that just before Diwali, the market participants were trying to keep the positive sentiments alive and this accounted for the growing long positions in the market. The put-call ratio was at 0.36.

NTPC was among the top-traded contracts in the futures segment and the outstanding open interest was 2.53 crore shares. The other top-traded contracts were those of Tisco, Infosys, Reliance, and Tata Motors. The outstanding open interest position in Tisco was 2.8 crore shares, and in RIL 1.2 crore shares.

NTPC also topped in the options segments. NTPC options calls at strike prices of 80 and 75, were among the most popular contracts. In calls, the other top traded were those of Tisco at strikes of 300 and 310 and ONGC at a strike of 820. In puts, NTPC was at the top at a strike of 75, Infosys at a strike of 1,950, RIL at a strike of 540, Tisco at a strike of 300 and Satyam at a strike of 390.

There was hardly any gap between the Nifty November futures closing at 1,862.05 and the spot closing at 1,862.80 at the close of trading. The top five stocks on which the market is bullish are Mastek, NTPC, Polaris, Tisco and Andhra Bank.