The Nifty Futures started the April series with 2.61 crore shares in Open Interest (OI) vs 2.25 crore shares in OI.
The April series started with Rs92,455 crore OI in stock futures Vs Rs81,740 crore; Rs24,000 crore OI in Nifty futures Vs Rs20,184 crore; Rs100,353 crore OI in Index Options Vs Rs104,858 crore OI and Rs9,222 crore OI in stock options Vs 9,860 crore OI.
Nifty Futures rollover into April series stood at 67.66% v/s 73.30% in the previous expiry.
JSW Steel registers 26% growth in production -
JSW Steel has reported monthly crude steel production of 1.45 million tonnes (MT) in March 2017 with a growth of 15% over the corresponding month in 2016. The production of rolled products (flat) during the month increased to 1.05 MT, a rise of 16%, as compared to 0.90 MT in March 2016. The production of rolled products (long) however, decreased to 0.27 MT compared to 0.28 MT in March 2016, representing a decline of 4%.
Crude steel production for Q4 FY 2016-17 stood at 4.10 MT, highest ever quarterly production with a growth of 28% over corresponding quarter (Q4 FY 2015-16) and 6% over Q3 FY 2016-17. For FY 2016-17, the company recorded crude steel production of 15.8 MT registering a growth of 26% over previous year. The company achieved 100% of production guidance of 15.75 MT, given at the beginning of FY 2016-17.
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