Nifty November futures closed at a premium of 15.20 points versus premium of 5.90 points. The market added Rs 52764 cr in open interest, taking the total open interest in the F&O segment to Rs 549785 cr. The Nifty call option added 145.95 lakh shares in open interest and the put option added 49.04 shares in open interest.

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IBULHSGFIN (26%), CUMMINSIND (24%), SUNTV (17%) RECLTD (16%) and CANBK (14%) were the top gainers in terms of open interest. APOLLOHOSP (-10), BATAINDIA (-10%), IGL (-9%), NMDC (-8%) and COFORGE (-8%) were the top losers in terms of open interest.

Overall futures & options volumes currently stand at 706.69 lakh contracts, with a turnover of Rs 5531269 crore. Volumes in the F&O segment were higher as compared to the previous trading session. Market commentary In line with negative cues from global markets, benchmark indices opened with a negative bias.

The Nifty covered early losses and again came in the positive zone. However nifty failed to hold higher levels and came in negative zone due to selling activity in banking & financial stocks. All sectoral indices closed in the negative zone except Nifty IT, FMCG and reality sectors. Stocks like HINDUNILVR, GRASIM, SHREECEM, HINDALCO and ITC were top gainers that rose by 1-2%, while stocks like SBIN, KOTAKBANK, COALINDIA, INDUSINDBK and NTPC were top losers that fell by 2-3%.

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About 3.40 lakh shares were shed in open interest with a decrease in prices this indicates that long unwinding was observed by market participants. On the options front, the volatility index decreased by 6.40%