Monday 21 January 2019

SGX Nifty Indicates A Mildly Positive Opening For Sensex, Nifty

Posted by suhani varma on Monday, January 21, 2019 with No comments


SGX Nifty is at 10,955, up 20 points. Nifty saw a volatile session with the index unable to break 10950 on the upside as profit booking emerged on rallies. Pharma, PSU banks & media stocks were under pressure as Sun Pharma led the decliners.

Global Markets: Asian indices opened in the green with the Japanese Nikkei up over 200 points in early trade as global cues see equities lead from the front with the US indices up over 14% from December lows. Positive sentiment on the resumption of trade talks between US/China & North Korea sees equities outperform.

US Markets: Dow Jones closes up another 350 points as January sees the best equity rally since 1987 with the US indices leading from the front. Oil retraces almost 25% from December lows as 'risk on trade' & cut in output see bullish sentiment return.

FII/DII Data: In Friday’s trading session FIIs sold 124cr stock in the cash market whereas DIIs sold 1cr worth of stock. In the derivative market, FIIs sold 398cr of Index futures and sold 1054cr worth of Index options. In the Stock futures segment, FIIs bought 537cr worth of stock futures and sold 114cr stock options.

FII View:FIIs continued created bearish positions in the Index Futures, in Friday’s trading session they created 3,028 long contracts in the segment. However, considering the volatility they created 10,601 short contracts in Index Put Options.
FIIOI
(in000's)
% Chg% Chg
Since Expiry
Long/
Short Ratio
Long/Short
 Since Expiry
Index Long225(0)520.90.8
Index Short262181
Index Call Long2121602.90.7
Index Call Short724119
Index Put Long382(0)702.20.6
Index Put Short1727181

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