5400 Call, 5100 Put see highest open interest outstanding

By Varinder Bansal, Research Analyst at CNBC-TV18

FIIs were net buyers of Rs 843 crore in Index Futures; which open interest (OI) was up by 43,007 contracts. They were net buyers of Rs 306 crore in Stock Futures; which OI was down by 1,594 contracts.

Total Nifty Futures went down by Rs 1,451 crore while Options up by Rs 990 crore. Stock Futures have net shed 2.78 crore shares in OI. Highest OI outstanding was seen at 5400 Call and 5100 Put.

Speculative selling and unwinding were seen in Reliance Infrastructure and Reliance Capital. Reliance Infrastructure plunged 19%; its OI was down by 7.6% and delivery based selling was worth Rs 142 crore.

Reliance Capital lost 14.1%; its OI was down by 10% and delivery based selling was worth Rs 40 crore.

Unwinding & cash based selling were seen in Unitech. The stock fell 8%; its OI was down by 4% and delivery volume was at 1.06 crore shares or 16%.

Fresh shorts & cash based selling were seen in Lanco Infratech, BEML and Adani Power. Lanco plummeted 13.6%; its OI was up by 106% and delivery based selling was worth Rs 120 crore or 2.5 crore shares.

BEML slipped 13.7%; its OI was up by 30% and delivery volume increased at 5.6 lakh equity shares versus 2.9 lakh. Adani Power tanked 5.8%; its OI was up by 30% and delivery volume jumped at 42.9 lakh equity shares versus 19.5 lakh.