Bloomberg News

Global Funds Sell Net 13.6 Billion Rupees of Indian Derivatives

August 29, 2012

Global investors sold a net 13.6 billion rupees ($245 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 percent to 1.02 trillion rupees, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees on Sept. 21, 2010. Today is the last day of trading in contracts for August.

Foreign funds bought a net 1.43 billion 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 pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net


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