RPL adds 82 lakh shares in open interest

CNBC-TV18's Head-Markets Research, Anuj Singhal

Pretty good rollovers as far as the Nifty is concerned, the stock which had rollovers sat about 4%, Nifty futures sold over had around 55% so we will close our trade with about 60% to 65% of Nifty futures which will be quite good

Nifty futures have seen about 8 points premium, which is still persisting for the May future. The net build up in today’s trade has been a slightly muted about 39 lakh share, compared to yesterdays and there is some build up taking place.

One stock which has had a dream run over the last couple of days is IFCI, it has been a second coming for that stock, 57% of rollover, buildup of 65 lakh shares nearly in the May series, so there is a net build up of nearly 47 lakh shares and its again approaching that 70-80 lakh share mark, that it did in yesterday’s trade.

It was RNRL’s turn yesterday and RPL has taken over today, May futures have added about 1.1 crore shares in open interest with a net build up of nearly 82 lakh shares and the stock of course has done well in today’s trade.

Then we have Arvind Mills, up about 11% with 47% of roll over, and a build up of nearly 44 lakh shares, that’s been the trend, the April series was so light that the rollovers would look low but in the next months series with quite a bit of open interest taking up

JP Hydro where we have seen a net build up of nearly 7 lakh shares with roll overs picking up close to 50 percent.