MUMBAI: Nifty February futures was trading at 5210.05, a discount of 17 points to the spot which was trading at 5227.60 up 1.42 per cent from previous close. The market opened sharply higher tracking positive cues from global shores. On Wednesday US markets ended a volatile session higher with the Dow Jones up 0.73 per cent, S&P 500 advancing 0.83 per cent and NASDAQ rising 0.91 per cent.
Most of the Asian markets which opened before Indian markets were trading firm. Hang Seng was up 0.85 per cent, Nikkei rose 1.64 per cent, Kospi climbed 0.57 per cent. Back home, on Wednesday, the Nifty February futures settled at 5124, a discount of 30 points to the spot. The total F&O turnover was Rs 43,987 crore. Foreign institutional investors were net sellers to the tune of Rs 702 crore in futures and were the buyers of Rs 174 crore in options.
The put-call ratio on Wednesday increased to 0.81 from Tuesday's 0.71. As of 11.00 am, Nifty February futures saw open interest up 2.09 per cent with a turnover to the tune of Rs. 2196.28 crore. The initial trade saw the covering of short positions. In stock futures, Essar Oil saw a turnover of Rs 244.82 crore with increase in open interest by 2.93 per cent. The order book showed more of selling quantity than buying. Reliance Natural Resources saw increase in open interest by 1.87 per cent with turnover to the tune of Rs 203.73 crore. Open interest in Reliance Capital was up 5.44 per cent with turnover of Rs 210 crore.
The futures figures tell us that investors are building long positions in index futures and short positions in stock futures. In options, index options with a strike price of 5200 saw a turnover of Rs 176 crore and a premium of Rs 121. Open interest is down 0.29 per cent in the option contract of strike price 5300. The index put of strike price 5100 saw a turnover of Rs 92 crore with open interest up 4.29 per cent. Put of strike price 5200 saw open interest up 2.18 per cent.
Most of the Asian markets which opened before Indian markets were trading firm. Hang Seng was up 0.85 per cent, Nikkei rose 1.64 per cent, Kospi climbed 0.57 per cent. Back home, on Wednesday, the Nifty February futures settled at 5124, a discount of 30 points to the spot. The total F&O turnover was Rs 43,987 crore. Foreign institutional investors were net sellers to the tune of Rs 702 crore in futures and were the buyers of Rs 174 crore in options.
The put-call ratio on Wednesday increased to 0.81 from Tuesday's 0.71. As of 11.00 am, Nifty February futures saw open interest up 2.09 per cent with a turnover to the tune of Rs. 2196.28 crore. The initial trade saw the covering of short positions. In stock futures, Essar Oil saw a turnover of Rs 244.82 crore with increase in open interest by 2.93 per cent. The order book showed more of selling quantity than buying. Reliance Natural Resources saw increase in open interest by 1.87 per cent with turnover to the tune of Rs 203.73 crore. Open interest in Reliance Capital was up 5.44 per cent with turnover of Rs 210 crore.
The futures figures tell us that investors are building long positions in index futures and short positions in stock futures. In options, index options with a strike price of 5200 saw a turnover of Rs 176 crore and a premium of Rs 121. Open interest is down 0.29 per cent in the option contract of strike price 5300. The index put of strike price 5100 saw a turnover of Rs 92 crore with open interest up 4.29 per cent. Put of strike price 5200 saw open interest up 2.18 per cent.
