Fresh short positions in Nifty, key stocks

Turnover continued to remain weak at the F&O segment on the NSE. Thursday saw a turnover of Rs 33,689.6 crore against Wednesday’s figure of Rs 31,113.78 crore.

Nifty April future closed at 4722.30 against the spot close of 4733; Nifty May future ended at 4719.3 and the June future at 4707.7. Open interests declined by about 3 per cent in Nifty April future, particularly during the later part of the day. However, May and June contracts saw a sharp jump in open interest positions.

Among the call options, Nifty 4800 and 4700 strikes were the most active while Nifty 4700 put witnessed heightened activity. The call options saw decline in open interest positions, partly due to profit-booking, the 4700-put saw addition of about 5 per cent in open interest. This indicates that market might open on weak note on Friday.

Stock futures


Reliance Industries was the most active among individual stock futures. The other active contracts include Reliance Petroleum, Reliance Energy and Reliance Capital.

Orchid Chemicals, which hogged the limelight, shed over 8 per cent in open interest positions.

Most of the counters ended in discount to the spot close. This was mainly on account of unwinding of long positions and also creation of fresh short positions.

FIIs sellers


Foreign institutional investors remained net sellers to the tune of Rs 252.53 crore in the F&O segment on the NSE. Their net selling in index future stood at Rs 264.74 crore and on index options at Rs 32.27 crore. They were, however, net buyers in stock futures and stock options.