Derivatives market off to a bad start; no gainers among 161 stock futures

The derivatives market got off to the worst possible start this expiry week, with Nifty futures plunging more than 3 percent at the start of trade on Monday. There are no gainers among 161 stock futures today.

The entire line up of 18 sectors is reporting losses of between 1.6 percent and 7.8 percent. Futures in the real estate space are the top losers. Futures in banking, fertiliser, power and capital goods segments are showing maximum losses apart from real estate stocks. All sectors reported a rise in open interest, mostly implying a build up of short positions in the last few trading days of this expiry, which ends on Thursday.

Here is a snapshot of how the F&O trade is panning out:

TOP LOSERS
Amtek Auto
SKS Micro
Bank of India

TOP OI GAINERS
Union Bank of India
Indian Overseas Bank
Bharti Airtel

TOP OI LOSERS
Amara Raja Batteries
Aditya Birla Nuvo
Ceat Ltd.

TOP TRADED
HDFC Bank
Reliance Industries
State Bank of India.

HIGHEST ROLLOVERS
Jubilant Foods
Union Bank of India
Kotak Bank

Image credit: Indiatimes