Nifty 5900 Put adds 23.74 lakh shares in Open Interest

By Varinder Bansal, Research Analyst at CNBC-TV18

FIIs have net bought Rs 204 crore in Index Futures on Thursday, which open interest (OI) was down by 2591 contracts. They have net bought Rs 586 crore in Index Options; which OI was up by 35567 contracts.

Total Stock Futures added 6.91 crore shares in OI. Nifty Open Interest PCR was up at 1.46 versus 1.36. Nifty 5900 Put added 23.74 lakh (48%) shares in Open Interest.

Unwinding & cash based selling were seen in TCS and BHEL. TCS lost 2.5%; its OI was down by 6% and delivery volume increased at 20.8 lakh shares versus 12.8 lakh.

BHEL tanked 4.2%; its OI was down by 1% and delivery volume jumped at 8.1 lakh shares versus 2.9 lakh.

GMR Infra saw fresh shorts & cash based selling on Thursday. The stock tumbled 5.8%; its OI was up by 8.5% and delivery volume went up at 48 lakh shares versus 6.7 lakh.

Short covering was seen in Sesa Goa. The stock gained 4.4%; its OI was down by 9% and delivery volume increased at 9.1 lakh shares versus 6.4 lakh.

Fresh longs were seen in Maruti and S Kumars Nationwide. Maruti rose 2.8%; its OI was up by 8.5% and delivery volume went up at 2.8 lakh shares versus 2.2 lakh.

S Kumars shot up 4.5%; its OI was up by 10% and delivery volume jumped at 8.7 lakh shares as against 2 lakh shares.