MUMBAI: Tracking global cues, the Indian market on Wednesday opened higher. The National Stock Exchange’s 50-share Nifty was higher by 2.55 per cent at 4961.50. However, the index future for February was at a discount. At 11:11 am, Nifty February futures was 4938.00, discount of 23 points to the spot index but up from the previous close of 4795.35. Thus far in trade, the near month contract has seen a high and low of 4964.00 and 4853.00, respectively. The number of contracts traded was 1,88,212 and turnover Rs 4631.37 crore. Open interest was up 3.81 per cent at 4,27,34,000.
Tuesday, foreign institutional investors were net buyers of Rs 679 crore in futures on NSE and net sellers of Rs 120 crore in options. Nifty February put-call ratio open interest decreased to 0.84 from 0.86 Monday. In stocks futures, the highest turnover was seen in Reliance Natural Resources February contracts (Rs 160.81 crore), Reliance Energy (Rs 142.58 crore) and Reliance Capital (Rs 115.97 crore) and Reliance Industries (Rs 111.55 crore).
Reliance Industries and JP Associates February futures have seen the highest number of contracts being traded in trade so far. Reliance Power February futures was trading close to the spot price of Rs 363.
Tuesday, foreign institutional investors were net buyers of Rs 679 crore in futures on NSE and net sellers of Rs 120 crore in options. Nifty February put-call ratio open interest decreased to 0.84 from 0.86 Monday. In stocks futures, the highest turnover was seen in Reliance Natural Resources February contracts (Rs 160.81 crore), Reliance Energy (Rs 142.58 crore) and Reliance Capital (Rs 115.97 crore) and Reliance Industries (Rs 111.55 crore).
Reliance Industries and JP Associates February futures have seen the highest number of contracts being traded in trade so far. Reliance Power February futures was trading close to the spot price of Rs 363.
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