Global Funds Buy Net 7.77 Billion Rupees of Indian Derivatives

Feb. 1 (Bloomberg) -- Global investors bought a net 7.77 billion rupees ($157 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 4.1 percent to 707.3 billion rupees, or 32.8 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 6.24 billion rupees of shares in the cash segment yesterday, according to preliminary data given by the bourse.

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