Major Indian equity indices advanced as foreign investors bought index futures on Wednesday. The Nifty and Nifty Bank's July futures added open interest (OI), indicating fresh long positions. FIIs bought 1,167 contracts and unwound 1,150 short positions on a net basis.
The India Volatility Index declined 1 percent to close at 11.15, indicating some contraction in option premiums. The Nifty put-call ratio, which is the total open interest in Nifty put options to that of call options, increased marginally to 1.26 from 1.21. This measure reflects the number of calls written in comparison to puts in the Nifty.
Among the most active options, the 9,700 call and 9,500 call contracts saw unwinding whereas the 9,500 put saw most writing. Maximum open interest remains with 9,500 put and the 8,700 call options, which broadly reflect the range within which traders expect the Nifty to trade in the near term.
Active Stock Futures
- Lupin, M&M, ONGC saw short covering on low OI shedding
- IBREL saw fresh longs with OI addition of 23%
- Tata Chemicals saw fresh long positions added on OI addition of 28%
- JSW Energy saw fresh longs on OI addition of 10%
- JP Associate sees short covering on OI shedding of 4%
F&O Ban
- Indiabulls Real Estate, JP Associates, JSW Energy, Ujjivan
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
