Bloomberg News

Global Funds Sell Net 13.1 Billion Rupees of Indian Derivatives

November 23, 2011

Nov. 24 (Bloomberg) -- Global investors sold a net 13.1 billion rupees ($249 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, fell 1.3 percent to 1.02 trillion rupees, or 36.2 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 11.9 billion rupees of shares in the cash segment yesterday, according to preliminary data given by the bourse.

--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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