The Nifty Index futures saw fall in open interest by 23.56% and 70% for the October and November series respectively. Implied volatility(IV) rose for put and call Options in the last week. Rise in Nifty put and call option steady marginal support for Nifty at current levels.
Yes Bank has witnessed rise in turnover and open interest in the stock futures segment. The Stock price of Yes Bank rose by 1.8% in the last week. Yes Bank witnessed sudden spike in turnover and open interest in the stock futures segment. Yes Bank is planning to raise Rs.100000 million through different tranches on a private placement basis. First tranche, Bank would be raising Rs. 25000 million through issuing long-term bonds on a private placement basis. Earlier this week, YES Bank had informed about raising Rs 3300 million by issuing a long-term green infrastructure bond to Dutch Development Bank FMO on a private placement basis.
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 Yes Bank gives a positive outlook for the Bank.
Foreign Institutional Investors (FIIs) Derivative Statistics have shown fall in the open interest across Index Futures, Index Options, Stock Options and Stock Futures on a week on week basis.