Bloomberg News

Global Funds Sell Net 6.31 Billion Rupees of Indian Derivatives

March 27, 2012

Global investors sold a net 6.31 billion rupees ($125 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, climbed 1.2 percent to 1.04 trillion rupees, or 35.5 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 430 million rupees of shares in the cash segment yesterday, according to preliminary data given by the bourse.

To contact the reporter on this story: Paresh Jatakia in Mumbai at

To contact the editor responsible for this story: Arijit Ghosh at

Cash Is for Losers
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