The market opened on a very strong note on account of positive global cues. SGX nifty was higher at 65 points. Nifty made an intra day high of 4935. Nifty fallen to 4823 then. It remained very volatile all through the day within the range of 4823-4935 and finally closed at 4867 with up tick of 14 points. The market wide rollover in January series was low as compared to the previous expiry, where as Nifty rollover was higher than the average rollover. Nifty (February)future has turned into premium of 4.80 points from a discount of 9.4 points and Nifty future started the series with 2.87 crore shares in open interest. Total open interest in the market was Rs85,499 crore and Rs44,697 crore were reduced in open interest. Market wide rollover was 82.61%whereas rollover in Nifty futures was 76.53 %.
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