Bloomberg News

Global Funds Buy Net 11.8 Billion Rupees of Indian Derivatives

January 29, 2012

Jan. 30 (Bloomberg) -- Global investors bought a net 11.8 billion rupees ($239 million) of Indian equity derivatives on Jan. 27, according to the National Stock Exchange of India Ltd.

Open interest, or the number of contracts outstanding in value terms, rose 5.9 percent to 679.2 billion rupees, or 34.2 percent of the gross market position, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees on Sept. 21, 2010.

Foreign funds bought a net 12.4 billion rupees of shares in the cash segment on Jan. 27, 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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