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SGX Nifty is currently trading at 10,102, up 55 points. For today, expect ICICI Bank to lead the banks with short covering as results beat estimates with sharp reduction in NPA.
Nifty had another weak day on Friday as adventurous shorts drove down the index to close near 10000. This movement was in anticipation of weak US cues, which hurt sentiments and saw the rupee close weaker. Earnings from large corporates have met and beaten estimates showing that earnings are poised to expand going forward.
Global markets: Asian indices opened in the green after witnessing its worst performance last week with most indices almost falling non-stop. For today, expect strong contrarian buying from value investors along with short covering as extremely over sold indices bounce back. Data on manufacturing from China will also see more color as growth has slowed down the economy.
US markets: US indices were on course for the worst October in many years as rise in yields and tariff war overhang hurt sentiment. The US dollar hit fresh highs as the global equity rout saw money chase US assets. Oil prices witnessed a fall for the third successive week as Saudi Arabia assured of more supply in the face of Iran sanctions.
FII/DII Data: In today’s trading session, FIIs sold 1,356cr stock in the cash market whereas DIIs bought 1,875cr worth of stock. In the derivative market, FIIs sold 146cr of Index futures and bought 746cr worth of Index options. In the Stock futures segment, FIIs bought 541cr worth of stock futures and bought 88cr stock options.
FII View: FII continued to maintain their bearish outlook on the domestic market and created bearish positions in the derivative market, which is deduced by the fact that they added 1,824 net short contracts in Index Futures, while simultaneously adding 89,415 long contracts in Index Put Options.
Nifty had another weak day on Friday as adventurous shorts drove down the index to close near 10000. This movement was in anticipation of weak US cues, which hurt sentiments and saw the rupee close weaker. Earnings from large corporates have met and beaten estimates showing that earnings are poised to expand going forward.
Global markets: Asian indices opened in the green after witnessing its worst performance last week with most indices almost falling non-stop. For today, expect strong contrarian buying from value investors along with short covering as extremely over sold indices bounce back. Data on manufacturing from China will also see more color as growth has slowed down the economy.
US markets: US indices were on course for the worst October in many years as rise in yields and tariff war overhang hurt sentiment. The US dollar hit fresh highs as the global equity rout saw money chase US assets. Oil prices witnessed a fall for the third successive week as Saudi Arabia assured of more supply in the face of Iran sanctions.
FII/DII Data: In today’s trading session, FIIs sold 1,356cr stock in the cash market whereas DIIs bought 1,875cr worth of stock. In the derivative market, FIIs sold 146cr of Index futures and bought 746cr worth of Index options. In the Stock futures segment, FIIs bought 541cr worth of stock futures and bought 88cr stock options.
FII View: FII continued to maintain their bearish outlook on the domestic market and created bearish positions in the derivative market, which is deduced by the fact that they added 1,824 net short contracts in Index Futures, while simultaneously adding 89,415 long contracts in Index Put Options.
| FII | OI (in000's) | % Chg | % Chg Since Expiry | Long/ Short Ratio | Long/Short Since Expiry |
| Index Long | 97 | 10 | 10 | 0.4 | 1.0 |
| Index Short | 224 | 5 | 5 | ||
| Index Call Long | 172 | 5 | 5 | 2.2 | 0.8 |
| Index Call Short | 78 | 39 | 39 | ||
| Index Put Long | 325 | 38 | 38 | 2.9 | 1.2 |
| Index Put Short | 112 | 20 | 20 |
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