Derivatives summary for traders : Infosys, Wipro, Cipla, Tata Steel IndisInd Bank and Maruti in focus

Nifty December futures closed at premium of 13.50 points versus a premium of 13.70 points. The market added Rs 44230 cr in open interest, taking the total open interest in the F&O segment to Rs. 513023 cr. The Nifty call option added 112.80 lakh shares in open interest and the put option added 64.25 lakh shares in open interest.

COFORGE (23%) CUMMINSIND (14%), SAIL (10%), AMARAJABAT (10%) and TATASTEEL (8%) were the top gainers in terms of open interest. DRREDDY (-14), CHOLAFIN (-10%), JUBLFOOD (-9%) and AMBUJACEM (-8%) and GAIL (-7%) were the top losers in terms of open interest. Overall futures & options volumes currently stand at 184.59 lakh contracts, with a turnover of Rs 1559060 cr. Volumes in the F&O segment were lower as compared to the previous trading session.

Market commentary:

In line with muted cues from global indices, the Nifty opened on a flat note. However, the Nifty slipped into the red in the early hours of trade due to profit booking in banking stocks. The Nifty made a low at around 13681 levels and recovered by ~80 points from the above-said levels. The Nifty IT, Pharma and FMCG indices closed in the green, while the Bank Nifty, Financial Services and Metal indices closed in red zone.

Stocks like DR REDDY’s, BAJAJ AUTO, INFY, WIPRO and CIPLA were top gainers that rose by 2-3%, while stocks like INDUSINDBNK, HDFCBANK, ONGC, MARUTI and IOC and KOTAKBANK were top losers that fell by 2-3%. The Nifty closed at around 13762 levels with a gain of 0.06%.

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Daily view:

About 1.77 lakh share were added in open interest with an increase in prices this indicates that long build-up was observed by market participants. On the options front, the volatility index decreased by 2.79%.


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