SGX Nifty indicates a positive opening for Indian markets

For today, Reliance will be in the limelight after the Chairmen assured getting debt free by April 2021 and indicated stake sale to Saudi Aramco in the Oil & Chemicals business.

Aug 13, 2019 02:08 IST India Infoline News Service

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SGX Nifty is at 11,116, up by 26 points. For today, Reliance will be in the limelight after the Chairmen assured getting debt free by April 2021 and indicated stake sale to Saudi Aramco in the Oil & Chemicals business.

Nifty saw a sharp rally on Friday second day running as Finance Minister held meetings with different industries under pressure and promised relief by way of stimulus package with a cut in GST, lower interest rates and bank lending at the forefront. 

Global markets: Asian indices opened in the red led by the Japanese Nikkei as global cues saw profit booking with yields falling to over 4-year lows. Chinese stocks did see some resilience yesterday and could see some Government action today with Hong Kong airport reopening. Expect range-bound trade in most Asian markets with stock specific action being the order of the day.

US indices fall sharply as protests in Hong Kong see a ripple effect on US companies as a confrontation with China could see a business environment suffer in the near term. The profit booking extended into a big fall with Dow Jones falling over 380 points as banks & financial services stocks tumbled with yields falling to 1.63%, the lowest in over 4 years.

FII/DII Data:  On Friday’s trading session FIIs bought 204 crores worth of stock in cash whereas DIIs bought 607 crores worth of stock. In the derivative market, FIIs sold 271 crores of Index futures and bought 1197 crores worth of Index options. In the Stock futures segment, FIIs bought 47 crores worth of stock futures and bought 41 crores stock options.

FII View: In Index future segment, FIIs index future long/short ratio stood at 0.3x with an addition of short positions to the tune of 5110 contracts, indicating a negative bias.

FII OI(000's) % Chg % Chg Since Expiry Long/Short Ratio Long/Short Since Expiry
Future Index Long 69 0 (11) 0.3 0.5
Future Index Short 204 3 83
Option Index Call Long 241 6 96 2.5 0.7
Option Index Call Short 97 (3) 167
Option Index Put Long 253 1 52 2.4 1.0
Option Index Put Short 103 8 54

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