SGX Nifty indicates a marginally negative opening for markets

Nifty saw a very strong last hour sell-off on Friday, as local mutual funds turned sellers, as Nifty traded below 11000.

Feb 11, 2019 07:02 IST India Infoline News Service

SGX Nifty in Singapore
SGX Nifty is at 10914, down 33 points. Nifty saw a very strong last hour sell-off on Friday, as local mutual funds turned sellers, as Nifty traded below 11000. Even though foreign investors have turned big buyers this February, local sentiment continues to be fragile as the broader market remains under pressure. With pressure on select NBFCs and ADAG group shares, mutual funds are using all rallies to sell, which is seeing select large-cap stocks hold the market.

Global Markets: Asian indices opened flat as global cues were rather subdued after profit taking in the US saw stocks recover from large losses to close down 70 points on the Dow Jones. The Chinese markets reopen after a week of holidays & could see some near term buying as Government has boosted more money supply into the system to encourage spending.

US Markets: US stocks end the first week of correction since New Year as profit booking emerges. All eyes on US/China trade talks where flip-flop on timing sees Asian markets get volatile. Oil sees the first weekly negative close as China slow down coupled with rising US inventories puts pressure on prices.

FII/DII Data:  In Friday’s trading session, FIIs bought 843cr stock in the cash market, whereas DIIs sold 960cr worth of stock. In the derivative market, FIIs sold 224cr of Index futures and bought 1877cr worth of Index options. In the Stock futures segment, FIIs sold 798cr worth of stock futures and sold 40cr stock options.

FII View: FIIs created marginally bearish positions in a derivative segment, which is deduced by the fact that they created 2602 net short contracts in Index Futures, while simultaneously creating 7234 long contracts in Index Put options. The long-short ratio in Index Futures currently stands at 1.6x vs 1.7x.

FII OI
(in000's)
% Chg % Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long 187 2 72 1.1 1.6
Index Short 166 4 6
Index Call Long 229 10 27 4.0 1.3
Index Call Short 58 1 0
Index Put Long 326 2 15 1.8 0.9
Index Put Short 177 (1) 23


Related Story