August Futures Tumble

The derivatives market continued to move in tandem with the cash market today, and ended in the negative zone snapping a three-day winning rally.

August Nifty futures closed 5 points lower at 969.75, as against a loss of 6.40 points in S&P CNX Nifty at 969.65. August futures ended at a marginal discount. Similarly, September and October Nifty futures also ended lower by 4.65 and 1.10 points, respectively.

Volumes in all the three futures were higher than previous levels. August, September and October Nifty futures recorded volumes of 5987, 196 and 46 contracts, respectively.

Open interest in August futures declined 6 per cent to 9594, while there was a marginal increase September futures at 541. October recorded an open interest of 86 contracts.

Nifty options generated 1221 contracts at a notional value of Rs 23.97 crore. The highest volumes were in the August call at 970, which traded 257 contracts. Open interest in this contract rose 18 per cent.