Bloomberg News

Global Funds Sell Net 10.7 Billion Rupees of Indian Derivatives

February 12, 2012

Feb. 13 (Bloomberg) -- Global investors sold a net 10.7 billion rupees ($216 million) of Indian equity derivatives on Feb. 10, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 1.8 percent to 895.9 billion rupees, or 32.2 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 1.96 billion rupees of shares in the cash segment on Feb. 10, 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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