Foreign Funds Buy Net 16.7 Billion Rupees of India Derivatives

Overseas funds bought a net 16.7 billion rupees ($368 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 2.4 percent to 1.044 trillion rupees, or 38 percent of gross market position, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees on Sept. 21.

Foreign funds bought a net 4.92 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: Stephen Foxwell at sfoxwell@bloomberg.net

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