Nifty rolls were at 65.9% Vs. 3M average of 66.25%. Market wide rollover was at 84.09% Vs. 3M average of 83.7%, according to ICICIdirect. ''Sectorally, Infrastructure, Automobile and Finance stocks are witnessing high rollover of positions while stocks from the Technology, Banking and Power space are witnessing relatively low rolls into the August series.''
''Highest rollover was observed in Britannia, Amtek Auto, Tata Motors DVR, Tata Global and Hexaware while rollover activity stayed low in Godrej Industries, TVS Motors, IOB, REC Limited and SKS Micro Finance. Among index stocks, IDFC, Reliance and HDFC Bank are witnessing high rolls into the August series while Zee Entertainment, Tech Mahindra and BPCL are witnessing low rollover into the next series.''
''The open interest in Nifty futures increased for the second month in the row at inception after five months of continuous decline in open interest. Nifty August futures open interest increased sharply to 16.6 million shares in August series from 13.8 million shares seen in the inception of July series. Roll spread in the index remained almost flat throughout the settlement week near 40 points. However, dividend of 10 points expected in August series in Nifty indicates effective premium of almost 52 points. At the same time, Bank Nifty futures open interest also increased when compared to last series at 2 million shares. The roll spread in Bank Nifty has declined sharply to just 95 points towards settlement indicating short build up.''
