Global Funds Sell Net 24.8 Billion Rupees of Indian Derivatives

Dec. 12 (Bloomberg) -- Global investors sold a net 24.8 billion rupees ($476 million) of Indian equity derivatives on Dec. 9, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, fell 1 percent to 846.3 billion rupees, or 35.6 percent of the gross market position, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees last year on Sept. 21, 2010.

Foreign funds sold a net 2.49 billion rupees of shares in the cash segment on Dec. 9, according to preliminary data given by the bourse.

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