Equity Alert: Nifty Sep at 16-point premium; open interest up 3%
MUMBAI--1:50PM--Nifty September futures contract was at 16-point
premium
to the spot and open interest in the contract rose over 3% to 35.99
mln.
--Nifty was at 3998.45, down 74.45 points, or 1.8%
--Nifty September was at 4014.40, down 54.50 points, or 1.3%
Traders built long positions in select bank shares like State Bank
of
India and Axis Bank, a derivatives analyst said.
However, real estate stocks continued to witness "huge" build-up
of short
positions, the analyst said.
September contracts of Reliance Industries, Reliance Capital,
State Bank
of India and ICICI Bank were most actively traded.
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