Nifty Jan 5500 Put add 9 lakh shares in OI

By Varinder Bansal, Research Analyst at CNBC-TV18

FIIs were net buyers of Rs 195 crore in Index Futures; which open interest (OI) was up by 5351 contracts. They were net buyers of Rs 409 crore in Stock Futures; which OI was up by 962 contracts. FIIs were net buyers of Rs 306 crore in Index Options; its OI was up by 4239 contracts.

Nifty Open Interest PCR was down at 0.88 versus 0.89, which has fallen from 1.41 since start of series. Nifty January 5500 Put added 9 lakh shares in OI while Nifty January 5700 Call added 5.6 lakh shares in OI.

Short covering and delivery based buying were seen in LIC Housing Finance, Canara Bank, HCL Tech and Sterlite. LIC Housing Finance rallied 9.5%; its OI was down 12% and delivery volume increased at 95 lakh shares versus 32 lakh.

Canara Bank jumped 8.3%; its OI was down by 20% and delivery volume went up at 9.8 lakh shares versus 6.7 lakh. HCL Tech shot up 5.1%; its OI was down by 2% and delivery volume increased at 10.6 lakh shares versus 5.3 lakh.

Sterlite jumped 2.7%; its OI was down by 10% and delivery volume went up at 47 lakh as against 18 lakh.

Delivery based selling and fresh shorts were seen in SBI and Jet Airways. SBI tumbled 1.8%; its OI was up by 6% and delivery volume grew at 8.5 lakh shares versus 2.4 lakh.

Jet Airways lost 3.6%; its OI was up by 11% and delivery volume increased at 4.2 lakh shares versus 2 lakh.