Nifty rolls were at 45.25%, lower than the 3M average of 52.82%. Market wide rollover was at 55.7% marginally lower than 3M average of 59.3%.
 
Sectorally, capital goods, telecom and metal stocks are witnessing high rollover of positions while stocks from the realty, media and infrastructure space are witnessing relatively low rolls into the May series.
 
Highest rollover was observed in JSW Steel (80%), Hindustan Zinc (75%), McLeod Russel (72%), HPCL (71%) and Century Textiles (70%). Rollover activities are noteworthy low among Dabur (33.2%), REC Ltd (33%), CESC (34%), Havells (36%) and Voltas (38%).
 
Among index stocks, Bajaj Auto (69%), Lupin (67%) and Kotak Mahindra Bank (65%) are witnessing highs rolls into the May series while Dr Reddy’s (47%), ACC (48%) and Tech Mahindra (48%) are witnessing low rollover into the next series.
 
Commenting on the market rollover, ICICIdirect said, ''Market wide rollover activity improved significantly in the last session as rollover among midcaps picked up. Nifty future also witnessed higher roll action and just 12.3 million shares are left for settlement. At the same time, May series open interest has risen to 9.5 million shares. At such a lower open interest VWAP selling may not be seen during settlement. Moreover, with roll spread of more than 47 points, short positions can be easily rolled into the next series.''

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