Markets to open on flat note in-line with Asian peers

On Friday, Nifty saw a weak session in anticipation of lower IIP (index of industrial production) numbers, which were very disappointing given a large number of holidays in November.

Jan 14, 2019 02:01 IST India Infoline News Service

SGX Nifty is at 10825, up 8 points. On Friday, Nifty saw a weak session in anticipation of lower IIP (index of industrial production) numbers, which were very disappointing given a large number of holidays in November.

However, last hour buying on Friday by local funds saw Nifty recovery and it closed down just 25 points. Banks were the sore spot as higher oil prices saw rupee weaken and bond yields rise, which saw financials under pressure.

Global markets: Asian indices opened flat as the Japanese Nikkei was closed for a holiday and the other markets traded with marginal losses. The earnings season will set the tone for January as large banks in the US declare results, which will be keenly tracked after the guidance from Apple and Samsung hurt sentiment.

US market: US stocks ended the best week with a flourish as Dow Jones closes at 24000. Bond yields soften along with weakness in US dollar as emerging markets see inflows in bonds, currencies, and equities.

FII/DII Data:  In Friday’s trading session, FIIs sold 687cr stock in the cash market, whereas DIIs bought 123cr worth of stock. In the derivative market, FIIs sold 539cr of Index futures and bought 218cr worth of Index options. In the Stock futures segment, FIIs bought 204cr worth of stock futures and sold 141cr stock options.

FII View: FIIs created bearish positions in the derivative segment in Friday’s trading session, which is deduced by the fact that they created 6188 short contracts in Index Futures, while simultaneously creating 12574 long contracts in Index Put Options.

 FII OI
(in000's)
% Chg % Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long 198 (1) 34 0.9 0.9
Index Short 213 3 47
Index Call Long 200 4 51 3.1 0.8
Index Call Short 64 10 95
Index Put Long 363 4 62 2.8 0.8
Index Put Short 129 6 110

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