Monday, 5 November 2018

SGX Nifty Indicates Mildly Negative Opening For Markets

Posted by suhani varma on Monday, November 05, 2018 with No comments

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SGX Nifty is currently at 10,548, down 42 points. For today, expect minor consolidation as we enter a holiday-dominated week, anticipating lighter commitment by traders.

Nifty had a superb Friday with the Sensex gaining nearly 600 points as a monster rally in Asia saw indices jump. Nifty had its best week since February as short covering and value buying propped up stocks. The other positive was the sharp pull back in the rupee which rallied over Rs1 to close near 72.5.

Global markets: Asian indices opened weak after a splendid rally last week with the Japanese ‘Nikkei' seeing weakness in early trade. There is apprehension on the outcome of the trade talks between US and China as markets see consolidation. A weakness in the dollar also saw the Japanese 'Yen’ gaining traction, which hurt exporters. The undertone however seems that emerging markets except Japan will see value-buying, as after the recent correction, fund managers are betting on a turnaround in most Asian indices.

US markets: US stocks saw profit-booking on Friday as investors encashed the best weekly rally in months. Technology stocks saw a sectoral rotation as money exited IT and chased financials. The US dollar was under pressure along with oil, as markets discounted Iran sanctions.

FII/DII Data: In Friday’s trading session, FIIs sold 196cr stock in the cash market, whereas DIIs bought 852cr worth of stock. In the derivative market, FIIs bought 1380cr of Index futures and bought 2232cr worth of Index options. In the Stock futures segment, FIIs bought 445cr worth of stock futures and bought 271cr stock options

FII View: Long positions were created by FIIs during Friday’s trading session in the derivative market, which is deduced by the fact that they created 17,620 long contracts in Index Futures, while simultaneously creating 41,886 long contracts in Index Call options.

FIIOI
(in000's)
% Chg% Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long13915580.61.4
Index Short244014
Index Call Long25719573.11.1
Index Call Short841049
Index Put Long3555512.10.8
Index Put Short1651577

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