Financial Daily from THE HINDU group of publications
Sunday, Apr 14, 2002
Markets - Derivatives Markets
Reliance Industries remains active
TECHNOLOGY stocks dominated trading interest in the preceding week's single stock futures sessions. Continuing with the trend that the market has seen so far, April futures contracts were the most frequently traded ones in the preceding week.
Generally, contracts that terminate the earliest are among the most popular ones in the single stock futures session. To illustrate, in April, contracts that terminate at the end of the month have been the most popular ones. Next month, May contracts are likely to dominate the volume list.
The week's futures sessions were dominated by April contracts of three technology companies, namely, Satyam Computers, Infosys Technologies and Digital GlobalSoft.
Satyam Computers and Infosys Technologies have been among the more popular stocks in the single stock futures sessions. Digital, on the other hand, has fluctuated in terms of popularity.
In the preceding week, Satyam Computers' April contracts topped the volume chart, and 33,139 contracts changed hands.
Satyam Computers was followed by Infosys' April contracts, a distant second. Market participants traded in 16,362 contracts of Infosys in the preceding week.
Digital Equipment came third in volume terms, with 15,373 April contracts changing hands in last week's futures sessions.
Among other interesting patterns in the preceding week's futures session was the relative increase in trading in ITC's April contracts. About 4,989 April contracts of ITC changed hands last week.
Reliance Industries and Bharat Petroleum were among other popular stocks last week. About 7,795 April contracts of Reliance Industries were traded, while 4,804 contracts of Bharat Petroleum changed hands.
June contracts were hardly traded, another trend that we seen for a long time.
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