DLF, Tata Steel see sharp drop in open interest

Chennai: Turnover remained firm around Rs 52,238.21 crore in the F&O segment on Monday. The NSE Nifty future, which was commanding a premium of about 18 points at Friday’s close, closed at 2980.8 with a marginal of just two points over the spot close of 2978.15. It added about 22.93 lakh shares but most of which were on the short side.

Among the options, Nifty 3100 call and 3000 put were the most active. While saw accumulation on the sell side, the put shed about 1.23 lakh shares in open interest positions.

Bank Nifty

Bank Nifty future was also among the actively traded counters. It ended in discount at 4030.9 against the spot close of 4035.7. It also shed 53,500 shares in open interest.

Stock futures

Reliance was the most active followed by ICICI Bank and SBI. Momentum counters such as DLF, Tata Steel, Reliance Capital and Axis Bank witnessed a fall in open interest positions. Even banking major SBI saw a drop of 30,360 shares in open interest.

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ICICI Bank, however, witnessed an accumulation of 11.57 lakh shares open interest positions, but most of them were on the short side. It ended at 339.2 against the spot close of 338.1.

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