Foreign Funds Buy Net 14.4 Billion Rupees of India Derivatives

Overseas funds bought a net 14.4 billion rupees ($318 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 1.2 percent to 1.057 trillion rupees, or 37 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 3.86 billion rupees of shares in the cash segment yesterday, according to preliminary data given by the bourse.