SAIL adds 21 lakh shares in open interest

CNBC-TV18's research analsyt, Anichya Shah has given F&O highlights: The turnover was still a concern in today’s trade. It wound up at about Rs 28,000 crore day-end. But there was a fair bit of short covering especially in the last one-hour of trade in a lot of largecap stocks, some banking stocks, capital goods stocks like L&T and BHEL which did see a continued short covering throughout the day. Remember, these spaces have seen a fair bit of short buildup over the last week or so.

Nifty was very interesting as we did see some short buildup earlier in the day. It had gone to about a 15-20 point discount and day end it has gone into a bit of a premium and the net OI is at 18 lakh shares but at the peak it had added about 25 lakh shares in OI. So clear short covering towards the last one-hour of trade seen in the Nifty which is why it did inch into a mild premium.

The sugar space was the strongest space in today’s trade. Balrampur Chini, Bajaj Hindusthan both almost saw an identical increase in their OI. Both added close to about 4 lakh shares in OI and both of them did inch into a mild premium.

REC picked up in the last hour of trade. It saw pretty interesting OI buildup of about 4 lakh shares and it did inch into a fair bit of a premium. This stock was looking extremely strong.

Two-stocks which are getting mentioned a lot - Suzlon for one continues to see its long build run. This stock has risen 33% in the last 10 trading sessions. Suzlon saw a good OI buildup today about 6 lakh shares and was up about 5% in the spot market.

SAIL has seen a huge short buildup over the last couple of weeks today actually saw some semblance of long buildup towards the last hour of trade. We did see a pickup in the cash volumes as well. It ended pretty flat after it was down about 1.5% in the day. It had a net addition of about 21 lakh shares in OI.