Nifty rolls were at 58.81%, lower than 3M average of 64.63%. Market wide rollover was at 79.22%, in line with 3M average of 80.59%.
 
Sectorally, capital goods, telecom and pharma stocks witnessed high rollover of positions while oil & gas, media & FMCG stocks witnessed relatively low rolls into the May series.
 
In the midcap space, high rollover was observed in JSW Steel, UPL, Aurobindo Pharma, Uco Bank and Century Textiles while low rollover was seen in REC Ltd, Havells, JSW Energy, Petronet and Indiabulls Real Estate.
 
Index stocks that witnessed relatively high rolls into the next series included Maruti, Idea, Bhel and United Spirits. At the same time, most stocks like HDFC, ONGC and L&T witnessed relatively low rollover of positions into the next series.
 
Commenting on the market rollover, ICICIdirect said, ''Nifty May series is starting with futures OI of 14 million shares, which is lower than the open interest seen at the inception of the last series of 16 million. Nifty future is starting the series with premium of 59 points, which is significantly highest since the December series. At the same time, most index heavyweights saw relatively low rolls into the May series.''

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