F&O total turnover stood at Rs 68,242.90 crore on May 7

Future & Option (F&O) total turnover stood at Rs 68,242.90 crore on May 7 and the total number of contracts traded on the day were 20,40,330.

Of the total turnover, Index Futures contributed Rs 10,254.59 crore, Stock Futures Rs 18,285.76 crore and Index Options Rs 34,101.21 crore, while the contribution of the Stock Options was of Rs 5,601.34 crore.

For the day, the total F&O PutCall ratio stood at 0.66, while Index Options PutCall ratio was 0.70 and that of Stock Options was 0.49.

The top five scrips with highest PCR on OI were UPL 1.25, GAIL 1.04, Tech Mahindra 0.99, DR Reddy 0.93, and Ultra Cement 0.93.

Among most active underlying, Tata Steel witnessed contraction of 0.24 million  of Open Interest in the May month futures contract, followed by HDFC Bank witnessing  an addition of 1.15 million of Open Interest in the May  month contract; while Reliance Industries witnessed  an addition  of 0.13 million of Open Interest in the May month futures contract, State Bank of India witnessed  contraction of 0.08 million of Open Interest in the May month contract and finally, Aurobindo Pharma witnessed  an addition  of 0.29 million  of Open Interest in the May month's future contract.