Bloomberg News

Global Funds Buy Net 32.5 Billion Rupees of Indian Derivatives

October 30, 2011

Oct. 31 (Bloomberg) -- Global investors bought a net 32.5 billion rupees ($667 million) of Indian equity derivatives on Oct. 28, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 9.4 percent to 803.8 billion rupees, or 36.3 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 bought a net 21.7 billion rupees of shares in the cash segment on Oct. 28, according to preliminary data given by the bourse.

--Editor: Pradeep Kurup

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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