Nifty rolls were at 53.25%, higher than the 3M average of 51.96%. Market wide rollover was at 61.36% in line with the 3M average of 60.82%, according to ICICIdirect. ''Sectorally, infrastructure, capital goods and pharma stocks are witnessing high rollover of positions while stocks from the power, finance and media space are witnessing relatively low rolls into the August series.''
''Highest rollover was observed in Britannia (83.5%), Amtek Auto (82%), JSW Steel (80%), Titan Company (78%) and Aurobindo Pharma (76%). Rollover activities are still low among Mind Tree (37%), Apollo Hospitals (37%), Aditya Birla Nuvo (45%), SKS Micro Finance (45%) and IFCI (46%). Among index stocks, Grasim (82%), HDFC Ltd (81%) and HDFC Bank (80%) are witnessing highs rolls into August series while Hero MotoCorp (43%), PNB (44%), Zee Entertainment (47%) and BPCL (48%) are witnessing low rollover into the next series.''
''Nifty rollover activities remained robust and are relatively higher than the three month average. In the last session as well, the August series witnessed addition of 2.9 million shares against closure of 3.3 million shares in the July series amid marginally reduced roll spread of 40 points. July series open interest is just 11.5 million shares, which is almost equal to the open interest of June series settlement. Hence, VWAP selling is unlikely to be seen during settlement. At the same time, we expect the roll spread to increase due to fresh additions in the August series futures. Bank Nifty also witnessed strong rollover of more than 52% with a flat roll spread of 110 points.''
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