Global Funds Sell Net 12.7 Billion Rupees of Indian Derivatives

Global investors sold a net 12.7 billion rupees ($259.2 million) of Indian equity derivatives yesterday, according to the National Stock Exchange of India Ltd.

Open interest, or the number of contracts outstanding in value terms, rose 1 percent to 769.7 billion rupees, or 36.8 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 3.29 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

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

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