Nifty December Futures premium drops - Sharekhan

The Nifty (December) futures' premium has decreased from 32.10 points to 17.30 points. The total open interest in the market was Rs165,652 crore and Rs3,017 crore was added in open interest.

The Nifty call options underwent reduction by 0.19 lakh shares in open interest, whereas the Nifty put options added 10.00 lakh shares in open interest.

Reliance Power (30%), Karnataka Bank (27%), GSPL (21%), Hero MotoCorp (21%) and Bank of Baroda (13%) were the top open interest gainers in the market. Arvind Mills (-11%), Zee Entertainment Enterprises (-8%), Tata Steel (-7%) and Suzlon (-5%) were the top open interest losers in the market.

Overall, the volume in futures & options currently stands at 40.71 lakh contracts with a turnover of Rs122,208 crore, whereas the volume in the Nifty futures was significantly higher as compared with the previous trading volume.

Source : Equity Bulls

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