Friday, 4 January 2019

SGX Nifty Indicates Lower Opening For Markets

Posted by suhani varma on Friday, January 04, 2019 with No comments

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SGX Nifty is at 10700, down 10 points. For today, we expect weekend blues to keep the markets under check even as certain sectors/stocks seem oversold.

On Thursday, the Nifty saw a weak session second day running as Apple's cut in guidance saw huge foreign selling emanate in Indian stocks also. Metals, financial services, and pharma were the major losers, while the broader market also saw minor cuts as mid caps also fell.

Global markets: Asian indices opened in the red lead by the Japanese Nikkei, which opened after the New Year break to trade down over 3.5%. Most other Asian markets may be range bound as most had already factored in the Apple weakness yesterday. The fall in the dollar could signal some reprieve for emerging markets with the Brazilian Bovespa hitting fresh all-time highs as smart money buys emerging markets stocks.

US Markets: US indices swoon over Apple cut in guidance with Dow Jones losing over 600 points as China growth slowdown comes to the fore. Nasdaq corrects over 200 points as all intermediaries to Apple also see hit with Apple now down over 40% from October highs.
SGX Nifty indicating a subdued opening for the Indian markets. Nikkei trades over 3.5% lower after having opened post the New Year break today.

FII/DII Data: In yesterday’s trading session, FIIs sold 972cr stock in the cash market, whereas DIIs bought 34cr worth of stock. In the derivative market, FIIs sold 477cr of Index futures and bought 1701cr worth of Index options. In the Stock futures segment, FIIs sold 913cr worth of stock futures and bought 140cr stock options.

FII View: FIIs created bearish positions in the derivative segment in yesterday’s trading session, which is deduced by the fact that they created 6085 net short contracts in Index Futures while simultaneously creating 19134 long contracts in Index Put Options.
FIIOI
(in000's)
% Chg% Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long1754191.00.9
Index Short183726
Index Call Long1652253.91.0
Index Call Short421028
Index Put Long3127393.51.0
Index Put Short89746

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