Market Live:
All the sectoral indices are trading Positive led by metal, energy, infra, IT, pharma and auto.
Highest Roll Spread
The Nifty is going to start the new series with 16.9 million shares, which is relatively higher than the open interest seen at the inception of the last series. Continued +tive momentum in the Nifty may be the reason behind fresh build up of open interest in the next series. However, the roll spread in the Nifty inched further high and ended around 100 pnts. The current roll spread is one of the highest ever seen in the Nifty in pnts terms. Data indicates continued rollover of long positions in the index.
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The Bank Nifty is also starting the new series with significantly higher open interest compared to the last series. OI at inception is highest since August 2018 for Bank Nifty. The roll spread in the banking index also remained high around 130 pnts during settlement. (Source: ICICIDirect).
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