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Moneycontrol India :: News :: IFCI is the top traded counter with build up of 35lakh shr :: :: F&O Cues :: BILT,TVS Motors,Reliance Energy,Anuj Singhal
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IFCI is the top traded counter with build up of 35lakh shr
2008-05-02 16:37:37 Source : CNBC-TV18
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CNBC TV18's, Head Research Analyst, Anuj Singhal : Average volumes in today's trade but the Nifty Futures are still maintaining their premium of about 20-points and we have seen the PCR also moving up to about 1.4 - that’s where we started the day, the F&O turnover nearly Rs 20,000 crore and the Nifty futures premium is now down to just about 12-points, 15 lakhs is the OI buildup. In individual stocks, IFCI is the top traded counter and it comes as a bit of a relief to traders after that 10% fall that it had in Wednesday’s trade. It has seen a fresh buildup of nearly 35 lakh shares, so most of the OI loss that it had has been compensated in today's trade.

 

The stock that is putting some pressure on the market is Reliance Communications which is down about Rs 18 with a buildup of 16 lakh shares, so something wrong with that counter in today's trade because market as a whole is doing quite well.

 

BILT is another stock that has been building on some gains in the last few days. Now back 32 with a buildup of 7 lakh shares of which most of them are long positions.

 

TVS Motors after its rally in Wednesday’s trade while it extend its rally, it has seen an OI cut of nearly 5 lakh shares with fall in CoC. So may be it looks like after the 15-20% rally that the stock has had, some traders are booking their profits and booking their long positions which explains the OI cut.

 

Reliance Energy is another one to watch out for - it has a 10% OI for this one with a stock up Rs 80 and a turnover of Rs 400 crore.  

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