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Global Funds Sell Net 10.5 Billion Rupees of Indian Derivatives

Global investors sold a net 10.5 billion rupees ($200 million) of Indian equity derivatives on Dec. 16, according to the National Stock Exchange of India Ltd.

Open interest, or the number of contracts outstanding in value terms, fell 1.8 percent to 864.5 billion rupees, or 35 percent of the gross market position, according to the bourse. Open interest reached a record 1.6 trillion rupees last year on Sept. 21, 2010.

Foreign funds sold a net 2.2 billion rupees of shares in the cash segment on Dec. 16, according to preliminary data given by the exchange.

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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