Benchmark indices extended gains and ended firm for four straight trading sessions supported by strong global cues on upbeat US growth news while buying among rate-sensitive sectors also aided the rally.
The S&P BSE Sensex settled the day at 26,653, up 259 points, while the broader Nity50 closed at 8,224.50, up 82 points. Broader markets outperformed the benchmark indices. BSE Mid-Cap index gained 1.1%, and the BSE Small-Cap index added 1.3%.
Nifty December 2016 futures closed at 8260.35 on Wednesday at a premium of 35.85 points over spot closing of 8224.50, while Nifty January 2017 futures ended at 8294.60 at a premium of 70.10 points over spot closing. Nifty December futures saw an addition of 0.51 million (mn) units, taking the total outstanding open interest (OI) to 15.60 million (mn) units.
Highest open interest has been seen in 8300 and 8400 strike price for call option and in 8000 and 8100 strike price for put option.