Derivatives summary for traders: Bajaj Finance, HDFC Bank, ICICI Bank, NMDC, Divis Lab, HDFC in focus

Nifty December futures closed at a premium of 13.70 points versus a premium of 16.75 points. The market added Rs 41407 cr in open interest, taking the total open interest in the F&O segment to Rs. 612439 cr.

The Nifty call option added 66 lakh shares in open interest and the put option added 137.83 lakh shares in open interest. INDUSINDBK (10%) MFSL (10%), JUBLFOOD (8%), UBL (7%) and TORNTPOWER (7%) were the top gainers in terms of open interest. HAVELLS (-14), PAGEIND (-14%), M&MFIN (-9%) and NMDC (-7%) and CONCOR (-7%) were the top losers in terms of open interest. Overall futures & options volumes currently stand at 576.99 lakh contracts, with a turnover of Rs 4887816 cr. Volumes in the F&O segment were higher as compared to the previous trading session. SGX Nifty is up 10 points at 13760. 

Market commentary:

Yesterday, the benchmark indices opened on a flat note in line with muted cues from global markets. The Nifty traded in a range of 30-40 points, facing some kind of resistance on the upper side. The Nifty Bank, Financial, Pharma and Realty indices closed in the green zone while Nifty Auto, FMCG and Metal indices closed in the negative zone. Stocks like DIVISLAB, HDFC, BAJAJ FINANCE, HDFCBANK and SHREECEM were top gainers that rose by 2-3%, while stocks like HINDALCO, COALINDIA, MARUTI, ADANIPORTS and TATASTEEL were top losers that fell by 1-2%. The Nifty closed around 13750 levels with a gain of 0.37%.

Daily view:

See Zee Business Live TV Streaming Below:

About 4.64 lakh shares were added in open interest with an increase in prices this indicates that long build-up was observed by market participants. On the options front, the volatility index decreased by 0.13%.