Derivatives End In Negative Zone
The derivatives markets closed with losses following the negative sentiment in the Bombay Stock Exchange (BSE) sensex stocks.
However, all the index futures wound up at a premium to the spot indices. Though open interest declined marginally, volumes were steady on the National Stock Exchange and moved up marginally on the BSE. Open interest also climbed. Only the near-month contract attracted trades.
Among the index option, the put-call ratio rose to 0.74 in a declining market. The total option interest was 3618 contracts with 1912 calls and 1706 puts.
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The most active calls were the June contracts of strikes 1080, 1100 and 1060. The most active put options were strikes at 1080, 1060 and 1040.
Satyam call option at 240 was the contract with the highest open interest, followed by Tata Engineering call option at 150.
The top premium gainer was Tata Tea call option at 180. SBI and Ranbaxy were the other two options that witnessed an upward trend.
Among stock futures Satyam, Infosys and Telco were the most active contracts. Tata Tea, BPCL and M&M notched top positions as gainers while Cipla, VSNL and Infosys figured in the list of losers.