Hindalco adds 42 lakh shares in net OI

CNBC-TV18's research analyst, Anichya Shah has given F&O highlights: It started off pretty quietly. Rollovers were extremely weak for most part of the day, although we did recover towards the latter half of the day. Market wide rollovers, which are still at about 20%, which is still much lower than what we have been seeing even over the last two months on a very low open interest base. So, no significant buildup but there was some positive buildup in the last half an hour or so of trade.

What is very interesting is that the Nifty that has seen a fair bit of short rollovers in the last few days, cost to those short rollovers were about 17-20 points. We have seen some semblance of contrarian long rollovers today as you can see the gap between March and April has narrowed down to a mere 3-4 points from 17-20 point gap that we had seen over the last one week or so.

Some stocks that have been buzzing. From the midcap cement, Ultratech Cement is the leader there. We have seen 51% rollovers in this stock and a net addition of about 1.5 lakhs. Another stock, like India Cement has been seeing a fair bit of long rollovers although we have seen some bit of short rollovers in the largecap cement stocks like ACC and Grasim. ICICI Bank from the largecap banking space has led the rollovers today. It has seen some semblance of long rollovers, especially in the last half an hour of trade. 35% rollovers and a net addition of about 20.5 lakh shares. R Comm and Reliance Industries from the Reliance pack have seen pretty good rollovers, especially in the last hour of trade. A good cost of carry, close to about 1% premium in the April series in R Comm. Some bit of long build up in the last hour, 16 lakh shares added there.

Hindalco from the metal space has led the way. Rollovers were seen picking up even last week on Wednesday. 40% rollovers are seen here and a net addition of about 42 lakh shares and a bit of long build up here.

From the pharma space, we saw Aurobindo Pharma. There were some good rollovers picking up here, most of them on the long side. Next month is at a fair bit of a premium, net addition is at about 1.7 lakh shares and pretty healthy rollovers at about 27%.