Nifty open interest PCR rises to 1.65 vs 1.57

The Nifty OI (open interest) PCR (put-call ratio) was up to 1.65 versus 1.57. The Nifty 5000 Put added 10 lakh shares in Open Interest while Nifty 5000 Call shed 8 lakh shares in Open Interest.

By Anuj Singhal, Head-Markets Research at CNBC-TV18

The Nifty November futures' expiry will be on Thursday; marketwide rollover was seen at 34% and Nifty rollover at 35%. The Nifty December futures ended with 14 points premium.

The Nifty OI (open interest) PCR (put-call ratio) was up to 1.65 versus 1.57. The Nifty 5000 Put added 10 lakh shares in Open Interest while Nifty 5000 Call shed 8 lakh shares in Open Interest. Stock futures added 1.2 crore shares in OI. FIIs net bought Rs 413 crore in Nifty futures.

Bharti Airtel was near to 3-year closing low. The stock declined 4.7% and its futures Open Interest was up 10%.

ITC made new life-time high. It was up 3.4% and its futures Open Interest was up 11%.

Fresh long positions were seen in Aurobindo Pharma, Kingfisher Airlines and Cipla; their cost of carry was also up. Aurobindo Pharma gained 8.4% and its futures Open Interest was up 13%.

Kingfisher Airlines jumped 5.4% and its futures Open Interest was up 4%. Cipla rose 4.5% and its futures Open Interest was up 20%.