August Futures Spin Up

The derivatives market got an uplift as stock markets staged a smart rally on better sentiments boosted by the revival of monsoon. Nifty August futures closed 11.20 points higher at 980.95 against a gain of 9.60 point in S&P CNX Nifty at 979.25.

All the three futures ended at a premium to their underlying. Volumes in the near month futures declined marginally at 5,887 contracts, while those in the September futures rose by 246 contracts. The open interest in Nifty August futures was at 9,071 contracts. Open interest in September futures rose 14 per cent at 619 contracts.

The total turnover of the futures and options segment on the NSE was around Rs 909.27 crore. Nifty futures saw volumes of Rs 120.14 crore. arising out of 6,147 contracts and Nifty options saw 1,105 contracts, getting traded at a notional value of Rs 21.66 crore.

Of the 31 securities, options on 26 underlying securities got traded. The total number of contracts traded was 7,535 with a notional value of Rs180.03 crore. The top twenty contracts accounted for around 51 per cent of the total traded volume in options on individual securities.

Satyam Computer was the most active option contract on individual securities traded today with 2,041 contracts and HLL was the next most active options contracts with 1,146 contracts being traded.

Of the 31 stock futures on 29 underlying securities got traded. The total number of contracts traded was 25104 with a traded value of Rs 587.43 crore.