Index Drop Clips Derivatives

The derivatives markets on both the exchanges witnessed a loss following slump in the indexes in the spot market. Nifty June futures ended lower by 14.35 points at 1063.80, while S&P CNX Nifty fell over 1 per cent or by 12.06 points at 1062.90. However, all the three futures ended at a premium to the cash market. With the volatility in the markets there was a sharp jump in volumes especially in the near month futures that is June Nifty futures at 7392 contracts. However, open interest declined at 4572 contracts.

Only the near month futures, that is the June Sensex futures, traded in BSE Sensex futures. The futures ended at a premium to the underlying but lower than yesterday's levels. June Sensex futures lost 70.30 points at 3260 while Sensex spot closed lower by 42.28 points at 3242.26. Volumes were higher at 3000 contracts while open interest rose at 1600 contracts.

The highest volumes among index options was seen in the Nifty June call at 1080 but premiums in the strike declined. Other calls to attract trades were the June call at 1060 and 1070. Puts at strikes of 1080 and 1070 saw volumes.

Satyam continued to be the favourite among stock options. Volumes in the top five strikes was struck in this stock derivative. Its June put at 220 generated 766 contracts and was highest traded. The other counters to attract trades was the Reliance June call at 280. Among individual stock futures Satyam, Infosys, Reliance and SBI were the top traded.