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Equity Alert: Nifty Sep at 2-point discount; open interest up 9%
MUMBAI--1:55PM--Nifty September futures contract was at 2-point
discount
to the spot and open interest in the contract rose 9% to 30.2 mln as
traders
built short positions on sharp fall in overseas markets.
--Nifty was at 4032.95, down 195.50 points, or 4.6%
--Nifty September was at 4030.55, down 215.20 points, or 5.1%
Technical analysts see intraday support for Nifty around
3970-3980.
Shares of real estate companies were seeing a sell-off, while
traders
covered some short positions in Reliance Industries, a derivatives
analyst
said.
September contracts of Reliance Industries, Reliance Capital,
State Bank
of India and ICICI Bank were most actively traded.
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