Foreign Funds Sell Net 7.9 Billion Rupees of India Derivatives

Dec. 7 (Bloomberg) -- Overseas funds sold a net 7.9 billion rupees ($176 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, was little changed at 1.052 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 sold a net 2.02 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: Stephen Foxwell at