Equity Alert: Nifty Sep at 14-point premium; open interest falls 5%
MUMBAI--1:35PM--Nifty September futures contract was at 14-point
premium
to the spot and open interest in the contract dropped 5% to 30.15 mln
ahead
of expiry of the current month futures contract Thursday.
--Nifty was at 4173.55, down 50.25 points, or 1.2%
--Nifty September was at 4188.00, down 47.90 points, or 1.1%
--Nifty October was at 4202.20, down 36.90 points, or 0.8%
Nifty rollover has been around 33% so far, dealers said.
Ranbaxy Laboratories was seeing selling in the cash market and
buying in
the futures segment, dealers said. Traders were unwinding hedged
positions,
they said.
September contract of Ranbaxy was at a 4-rupee premium to the
spot, with 7%
drop in open interest.
September contracts of Reliance Industries, State Bank of India,
Reliance
Capital, ICICI Bank, Sesa Goa and DLF were most actively traded.
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