F&O Outlook: Nifty discount narrows, OI up

F&O Outlook: Nifty discount narrows, OI up

B G Shirsat / Mumbai April 10, 2008

Strong buying in banking, engineering and power stocks lifted the markets in the last one hour, with the Sensex and Nifty registering modest gains.

After trading at a discount through most of the day, the Nifty April futures moved to a premium in the last hour as bears covered short positions around 4700 levels.

The Nifty April futures discount narrowed to five points on a closing basis, from the previous day