Global Funds Buy Net 4.6 Billion Rupees of Indian Derivatives

Global investors bought a net 4.6 billion rupees ($84.4 million) of Indian equity derivatives on May 18, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 1 percent to 787.2 billion rupees, or 32.2 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 sold a net 2.49 billion rupees of shares in the cash segment on May 18, 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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