''Nifty rolls were observed at 23.4%, higher than the 3M average of 21.55%. Market wide rollover was at 27.11% higher than the 3M average of 23.36%,'' according to ICICIdirect. ''Sectorally, telecom, power and FMCG stocks are witnessing high rollover of positions while stocks from the finance, technology and metals space are witnessing relatively low rolls into the May series. Highest rollover was observed in Glenmark Pharma (41%), Titan Company (40%), M&M Finance (39%), Century Textiles (38%) and McLeod Russel (36%).''
 
''Rollover activity is significantly low among stocks like Oracle Finance, Federal Bank, HDIL, UPL and Hindustan Zinc. Among index stocks, HDFC Bank (47.2%), Hindustan Unilever (44.6%) and Power Grid (42.4%) are witnessing higher rolls into the next series while Bharti Airtel (19.2%), Coal India (19.3%) and UltraTech Cement (19.6%) are witnessing low rollover into the May series.''
 
''Nifty futures open interest declined further to 17.6 million shares due to higher closure seen in April series. The May series witnessed addition of more than 2.6 million shares while near month futures shed close to 1.9 million shares. The roll spread increased marginally to 57 points from 53 points suggesting accumulation at lower levels in the Nifty after sharp declines. However, the roll spread in the Bank Nifty remained stagnated near 125 points and total futures open interest also remained unchanged.''

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