SGX Nifty indicates a flat opening for Indian markets

For today, expect some more color on the upside as sharp fall in crude bodes well for falling yields which hit nearly 3 year lows.

Jul 17, 2019 02:07 IST India Infoline News Service

IT Stocks Up
SGX Nifty is at 11,634, down 13 points. For today, expect some more color on the upside as sharp fall in crude bodes well for falling yields which hit nearly 3 year lows.

Nifty saw a good day as a follow through for the last session with the index closing up over 75 points near the highs of the day. Pharma, realty and PSU banks led the gainers, while IT & media saw profit booking. Broader market also joined the rally with the Nifty next 50 & Midcap 50 up 1%.

Global Market: Asian indices opened weak after President Trump tweeted on more China tariff's as a warning for China to speed up the resolution process. South Korean Kospi led the declines with an over 1% start on the downside. Crude fall also saw the Japanese yen get stronger and selling accentuate in exporter stocks.

US Market: US markets close with minor losses after seeing winning streak for past week. With President Trump back to rhetoric tactic on China tariffs sees Asian markets open weak. Oil sees sharp fall of over 3% as geopolitical storm ends with supply back on stream. Bond yields continue to trade near 2.10% with US$ seeing more consolidation.

FII/DII Data: In yesterday’s trading session FIIs sold 445 crores worth of stock in cash whereas DIIs bought 638 crores worth of stock. In the derivative market, FIIs sold 53 crores of Index futures and bought 523 crores worth of Index options. In the Stock futures segment, FIIs bought 439 crores worth of stock futures and bought 95 crores stock options.

FII View: In Index future segment, FIIs index future long/short ratio stood at 1x with marginal addition of both long and short positions. Moreover, on the Index option’s front, muted activity was seen in call and put option strikes. 

FII OI(000's) % Chg % Chg Since Expiry Long/Short Ratio Long/Short Since Expiry
Future Index Long 128 13  1.0 0.6
Future Index Short 130 87 
Option Index Call Long 181 43  3.3 0.8
Option Index Call Short 55 (2) 83 
Option Index Put Long 250 61  3.0 1.1
Option Index Put Short 82 (1) 53 

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