Satyam sees build up of 117% in OI

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Satyam sees build up of 117% in OI

Satyam has seen huge short positions added and seen build up of 117% in OI with a turnove of Rs 502 crore. It has added 76 lakh shares.

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Here is a transcript of Anichya Shah's comments on CNBC-TV18. Also watch the accompanying video.

Market is flat today. Nifty Futures has seen a build up of 7-8% open interest (OI). Put-call ratio is still around 1.4%. Nifty Futures added about 24 lakh shares and witnessed turnover of Rs 6,309 crore. Nifty 3000 is a pivot point since two days.

On the stock specific action

Satyam has seen huge short positions added and seen build up of 117% in OI with a turnover of Rs 502 crore. It has added 76 lakh shares.

Infosys Technologies has seen build up of 3-4% in OI and added about 2.25 lakh shares.

Among the banking stocks, ICICI Bank has added 11 lakh shares and seen build up of 11% in OI with healty cost of carry since morning.

Oswal Chemical has shed about 5.89 lakh shares in OI and GVK Power is another counter, which shed about 10 lakh shares in OI.