The Nifty Index futures saw fall in open interest by 5.29% for the October series. There was a rise in open interest by 101% and 144% for the November and December series respectively. Implied volatility(IV) fell for put option and call option in the last week. Fell in IV of Nifty call and put option shows steady marginal support for Nifty at current levels.
Reliance Industries Ltd (RIL) has witnessed rise in turnover and open interest in the stock futures segment. RIL share price fell approximately 2.5% post announcement of results. Reliance Industries Ltd (RIL) reported consolidated net profit down by 23% (Y-o-Y), on standalone basis net profit rose by 18.5% (Y-o-Y). Profit before depreciation, interest, and taxes (PBDIT) rose 24.8% (Y-o-Y).
A rise in turnover and open interest for the stock futures for the October series along with fall in the stock price and stock futures of RIL gives negative outlook for the stock.
Foreign Institutional Investors (FIIs) Derivative Statistics have shown rise in the open interest across Index Futures, Index Options, Stock Options and Stock Futures on a week on week basis.