Realty counters hog limelight

Realty counters hog limelight
The Hindu Business Line, July 16, 2009, Page 10

Our Bureau, Chennai

Turnover moved up a bit to Rs 57,969 crore in the F&O segment on the NSE on Wednesday. The Nifty July future ended with a minor premium at 4,236.9 against the spot close of 4,233.5. Among the options, 4,000 puts added 20.19 lakh shares in open interest. This suggests that 4,000 could act as strong support of Nifty due to the strong emergence of put writers. On the other hand, 4,100 call shed open interest indicating that traders squared off their lower strike and rolled it over to higher strikes such as 4,300 and 4,400.

Stock futures

Today belonged to realty counters. Even, Indiabulls Realestate and Lanco Infratech entered the active zone in today’s trading. Suzlon continues to see accumulation; it added 42.78 lakh shares in open interest. While DLF shed open position, Lanco and Indiabulls added 9.38 lakh shares and 13.67 lakh shares. Aban Offshore, which is surging quite sharply in the last few days, also shed open interest and also ended in discount at Rs 819.2 against the spot close of 822.9.

FII activity

Overseas investors maintained their buying. They were net buyers by Rs 965.25 crore in F&O on Wednesday