Derivatives Up

Derivatives markets finished higher following rise in indices propelled by technology shares Satyam and Digital. Sentiment in infotech stocks were also boosted after the US lifted travel restrictions to India. In the futures segment, all the three contracts finished at a premium to the underlying.

Nifty July futures closed 6.60 points higher at 1023 as against a rise of 9.90 points in S&P CNX Nifty at 1021.90. With just two days to expiry, there was a decline in open interest position in the July series at 4406 contracts but it increased drastically in the August series at 3624 contracts. Volumes in the July and August contracts jumped at 4492 and 2144, respectively.

Among the index options, August calls made a comeback with a positive sentiment aiding the market. However, the put-call ratio nudged up to 0.65 (previous 0.69). Nifty August call at 1020, 1010 and July call at 1020 were the top traded options. July calls at 1020 were also active. In the puts, Nifty August put options at 1010 was actively traded.

Among the individual stock futures and options Satyam, Digital and Infosys were the top traded futures. Reliance and Tata Steel were among the top traded contracts.

Tata Steel fell after the company's production and sales growth fell short of expectations. In call options, refiners BPCL and HPCL continued to be in the limelight with the calls at 280 and 260, respectively, being among the top premium gainers.

Tata Steel July put options at 130 and 135 featured in the 10 most active puts. Satyam, Tata Engineering and Tata Steel were the contracts with the highest open interest.