DARING DERIVATIVES - Nifty (February) futures closed at a premium of 4.70 points versus a premium 4.70 points. Total open interest in the market was Rs3,14,566 crore after shedding Rs9,955.85 crore in open interest. Nifty call options shed 21.15 lakh shares in open interest whereas put options added 38.93 lakh shares in open interest.
Market commentary - Despite mixed cues from the international markets, the Nifty Futures started the day on a positive note.
Daily view - Around 12.86 lakh shares were added in open interest, with the increase in price implying a long build-up by market participants in today’s trade. On the options front, the India Volatility Index (VIX) increased in today’s trade by around 5.50%.
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Market commentary - Despite mixed cues from the international markets, the Nifty Futures started the day on a positive note.
Daily view - Around 12.86 lakh shares were added in open interest, with the increase in price implying a long build-up by market participants in today’s trade. On the options front, the India Volatility Index (VIX) increased in today’s trade by around 5.50%.
Indian shares rose for a fourth consecutive session on Friday to post their biggest weekly gain in eight months, helped by a rally in financial companies and increasing optimism ahead of the annual Union Budget next week. The S&P BSE Sensex and CNX Nifty rose 0.63%-0.45% each.
“Indian equity markets continued with the uptrend of the last few days on the back of supportive global cues and postponement of implementation of GAAR by one more year. With resurgence in foreign inflows, the bias is likely to remain positive in the near term,” says Gaurav Dua, Head - Research, Sharekhan Limited.
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