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F & O HIGHLIGHTS
Nifty May 2011 futures closed at 5,536.00, at a discount of 1.15 points over spot closing of 5,537.15, while Nifty June 2011 futures were at 5,547.00 at a premium of 9.85 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 5.47% or 1.45 million (mn) units, taking the total outstanding open interest (OI) to 28.00 mn units.
From the most active underlying, SBI's May 2011 futures closed at a premium of 8.30 points at 2624.70 compared with spot closing of 2616.40. The number of contracts traded was 29,022.
ICICI Bank May 2011 futures were at a premium of 1.05 point at 1057.20 compared with spot closing of 1056.15. The number of contracts traded was 26072.
Tata Motors May 2011 futures were at a premium of 0.45 points at 1159.70 compared with spot closing of 1159.25. The number of contracts traded was 18,095.
Axis Bank May 2011 futures were at a premium of 5.00 points at 1240.00 compared with spot closing of 1235.00. The number of contracts traded was 14,863.
Tata Steel May 2011 futures were at a premium of 2.15 points at 591.40 compared with spot closing of 589.25. The number of contracts traded was 14,652.



Nifty Option Open Interest Distribution
Nifty May 5600 call added 13.37 lakh shares in OI, up 36.70% and 5700 call added 12.10 lakh shares in OI, up 20.56%. On the put side nifty May 5500 put added 6.44 lakh shares in OI, up 14.29% and 5400 put added 5.54 lakh in OI, up 13.38%. The put-call ratio of stock option increased from 0.32 to 0.34 while put-call ratio of index option increased from 0.75 to 0.83. On the whole the put call ratio was at 0.81.

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Future & Option (F&O) total turnover stood at Rs 101034.98 crore on April 29, and the total numbers of contracts traded on the day were 3555026.

Of the total turnover, Index Futures contributed Rs 13211.83 crore, Stock Futures Rs 13710.62 crore, and Index Options Rs 71458.45 crore while the contribution of the Stock Options was of Rs 2654.08 crore.

For the day the total F&O PutCall ratio stood at 0.94 while Index Options PutCall ratio was 0.97 and that of Stock Options was 0.38

The top five scrips with highest PCR on OI were Siemens 2.89, Mpasis 1.33, Reliance Infrastructure 1.24, HCL Tech1.11 and Bank of India 1.

Among most active underlyings ICICI Bank witnessed an addition of 4.06% in the May month futures contract, followed by Reliance which saw an addition of 3.58% of OI in the near month contract. SBI witnessed an addition of 5.81% in the next-month futures; followed by Infosys witnessed an addition of 8.05% in the May month futures contract and L&T witnessed an addition of 13.64% in the May month futures contract.

Nifty Option Open Interest Distribution

Nifty May 5800 call added 18.07 lakh shares in OI, up 89.79% and 5900 call added 8.91 lakh shares in OI, up 37.02%. On the put side nifty May 5700 put added 10.76 lakh shares in OI, up 30.33% and 5600 put added 9.61 lakh in OI, up 24.99%. The put-call ratio of stock option decreased from 0.42 to 0.38 while put-call ratio of index option increased from 0.79 to 0.97. On the whole the put call ratio was at 0.94.

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