Global Funds Sell Net 12.4 Billion Rupees of Indian Derivatives

Global investors sold a net 12.4 billion rupees ($233 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, fell 0.4 percent to 956.1 billion rupees, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees on Sept. 21, 2010.

Foreign funds bought a net 4.08 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 pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net