The Nifty Index futures saw fall in open interest by 10.13% for the October series. There was a rise in open interest by 29% and 486% for the November and December series respectively. Implied volatility(IV) rose for put option and fell in call option in the last week. Fell in Nifty call option shows unsteady marginal support for Nifty at current levels.
Infosys has witnessed rise in turnover and open interest in the stock futures segment. The Stock price of Infosys rose by 1.28% in the last week. Infosys had posted Q2FY17 results, consolidated revenue is up by 10.5% (Y-o-Y) and net profit is at Rs. 36060 million.
A rise in turnover and open interest for the stock futures for the October series along with rise in the stock price and stock futures of Infosys gives a positive outlook for the IT giant but Infosys had cut down the future revenue guidance to 8% – 9% from 10% in dollar terms. The downgrade disappointed the market as Infosys shares tumbled appx 2.5% post announcement of earnings.