Global Funds Sell Net 6.78 Billion Rupees of Indian Derivatives

Global investors sold a net 6.78 billion rupees ($122.4 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, rose 3 percent to 641.8 billion rupees, or 35.1 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 6.37 billion rupees of shares in the cash segment yesterday, according to preliminary data given by the bourse.

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