Taking global cues, the Indian equity market opened on a buoyant note on Wednesday. National Stock Exchanges' 50-share index was up 1.71 per cent at 5360.25 and Nifty February futures at par at 5361.20.
On Tuesday, US markets closed on a firm note. Dow Jones ended up nearly a per cent, Nasdaq was up 0.75 per cent.
Today, the Asian markets were also in positive territory on favorable news from financial sector. Japan's Nikkei was up 2.24 per cent, Hang Seng higher by 3.40 per cent and China's CSI advanced 2.52 per cent.
In trade so far till 10:25 am, Nifty February futures had touched a high of 5450 and low of 5341, a band of 109 points. Nifty February contract saw an increase in open interest by 0.50 per cent and turnover was at Rs 1,386 crore. The March contract saw open interest increase almost 1 per cent with turnover at Rs 432 crore.
In index options, 5300 call saw the highest turnover at Rs 152.88 crore. Open interest in the contract was down 4.04 per cent. Index call of strike price 5200 was at a premium of Rs 159, up Rs 59 from previous. Nifty 5200 put saw open interest decrease by 2.88 per cent. Open interest in 5400 put was up 11.19 per cent and turnover at Rs 653 crore.
Investors are limiting their downside risk by buying out-of-the money puts at 5000-5200 strike prices.
Tuesday, Nifty put-call ratio was higher at 1.02 against Monday's 0.99. Market-wide rollovers picked up, with 48 per cent of the positions being carried forward into the March series.
Foreign institutional investors were net buyers in futures and options segment to the tune of Rs 1,193 crore.
In stock futures today, Reliance Industries February was up 1.32 per cent at Rs 2,607.95 against the spot price of Rs 2,613.85. Reliance Natural Resources contract clocked a turnover of Rs 189 crore with open interest up 2.95 per cent. The recent inclusion in Nifty, Power Grid February was up 8.98 per cent with turnover at Rs 62 crore.
In the previous session, short covering was seen in heavyweights Reliance Industries, Reliance Energy and Reliance Capital.
On Tuesday, US markets closed on a firm note. Dow Jones ended up nearly a per cent, Nasdaq was up 0.75 per cent.
Today, the Asian markets were also in positive territory on favorable news from financial sector. Japan's Nikkei was up 2.24 per cent, Hang Seng higher by 3.40 per cent and China's CSI advanced 2.52 per cent.
In trade so far till 10:25 am, Nifty February futures had touched a high of 5450 and low of 5341, a band of 109 points. Nifty February contract saw an increase in open interest by 0.50 per cent and turnover was at Rs 1,386 crore. The March contract saw open interest increase almost 1 per cent with turnover at Rs 432 crore.
In index options, 5300 call saw the highest turnover at Rs 152.88 crore. Open interest in the contract was down 4.04 per cent. Index call of strike price 5200 was at a premium of Rs 159, up Rs 59 from previous. Nifty 5200 put saw open interest decrease by 2.88 per cent. Open interest in 5400 put was up 11.19 per cent and turnover at Rs 653 crore.
Investors are limiting their downside risk by buying out-of-the money puts at 5000-5200 strike prices.
Tuesday, Nifty put-call ratio was higher at 1.02 against Monday's 0.99. Market-wide rollovers picked up, with 48 per cent of the positions being carried forward into the March series.
Foreign institutional investors were net buyers in futures and options segment to the tune of Rs 1,193 crore.
In stock futures today, Reliance Industries February was up 1.32 per cent at Rs 2,607.95 against the spot price of Rs 2,613.85. Reliance Natural Resources contract clocked a turnover of Rs 189 crore with open interest up 2.95 per cent. The recent inclusion in Nifty, Power Grid February was up 8.98 per cent with turnover at Rs 62 crore.
In the previous session, short covering was seen in heavyweights Reliance Industries, Reliance Energy and Reliance Capital.
Source : http://economictimes.indiatimes.com
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