Markets set to open in the green, focus to remain on Infosys ahead of Q3 earnings

For today, expect buying to return with Nifty attempting 10900 as fresh bouts of buying in select banks, pharma & FMCG to drive the index.

Jan 11, 2019 02:01 IST India Infoline News Service

SGX Nifty is at 10,890.50, up 29.50 points. For today, expect buying to return with Nifty attempting 10900 as fresh bouts of buying in select banks, pharma & FMCG to drive the index.

Nifty saw a weak session as it closed down 35 points as banks & financial services stocks saw profit booking. The strong pull back in oil coupled with extended weakness in rupee are seeing profit booking as select foreign investors turn sellers.

Global Markets: Asian indices opened in the green led by the Japanese Nikkei, which saw gains after yesterday's profit booking. Expect more gains for the Chinese & Hong Kong markets as they see further Government institutions buying stocks before the Chinese New Year.The Brazilian 'Bovespa' index hit fresh new all time highs indicating the flow of smart money into emerging markets.

US Markets:US indices gain another day as Federal Reserve sounds dovish & reassures rates on hold. Oil sees longest running streak since 2010 as outlook brightens on global economic growth. US $ sees further weakness, which bodes well for emerging markets globally.

FII/DII Data:  In yesterday’s trading session FIIs sold 344cr stock in the cash market whereas DIIs bought Rs11crworth of stock. In the derivative market, FIIs bought 426cr of Index futures and bought Rs2024cr worth of Index options. In the Stock futures segment, FIIs bought 321cr worth of stock futures and bought 25cr stock options.

FII View: FIIs created bullish positions in the derivative segment in yesterdays’ trading session which is deduced by the fact that they created 4,528 net long contracts in Index Futures while simultaneously reducing 4,627 long contracts in Index Put Options.

 FII OI
(in000's)
% Chg % Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long 200 3 36 1.0 1.0
Index Short 207 1 43
Index Call Long 192 0 45 3.3 0.8
Index Call Short 58 0 77
Index Put Long 351 (1) 56 2.9 0.8
Index Put Short 121 (1) 97

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