Trifling Rise In All Futures
The derivatives markets finished with negligible gains. The National Stock Exchange Nifty futures was flat with all the three contracts closing with small gains.
Action shifted to the September contract with the October contract nearing expiry. The Nifty August futures closed 3.35 points higher at 998.40 compared with a gain of 3.65 points in S&P CNX Nifty at 998.85.
August Nifty futures registered a volume of 4,730 contracts and an open interest of 6,630 contracts.
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Fresh positions in September contracts were being taken at a rapid pace with volumes moving higher to 1,581 contracts and open interest jumped 41 per cent to 2,129 contracts.
The absence of any premiums in far-month contracts points to a lack of view from market players, dealers said.
Among index options, the top three Nifty options were calls are indicative of the improved outlook today. Strikes at 1,000, 990 and 980 were the top traded contracts. However, the put-call ratio was flat at 0.50 (previous 0.55). Strikes at 990, 980 and 1000 were the active contracts on the puts side.
In stock futures, Satyam Computer was the top traded contract with 7,279 contracts with the underlying clocking gains.
Infosys Technologies and Reliance were the other active contracts. Sterlite Optical made it to the top ten traded futures list with the stock gaining over five per cent. As many as 1,556 contracts were traded.
In stock options, too, Satyam call at 220 was the top traded contract. L&T call at 180 was a close second. The action in OTM call points to expectations of the stock continuing to stay firm.