Bloomberg News

Global Funds Buy Net 3.47 Billion Rupees of Indian Derivatives

October 27, 2011

Oct. 28 (Bloomberg) -- Global investors bought a net 3.47 billion rupees ($70 million) of Indian equity derivatives on Oct. 26, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, was at 734.5 billion rupees, or 36.8 percent of the gross market position, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees last year on Sept. 21, 2010.

Foreign funds sold a net 690 million rupees of shares in the cash segment on Oct. 26, according to preliminary data given by the bourse. Indian stock exchanges held a special 90-minute trading session Oct. 26, marking Diwali, the festival of lights and the start of the Hindu new year.

--Editor: Hari Govind

To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net


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