Thursday, 28 March 2019

SGX Nifty Indicates A Negative Opening For Indian Markets

Posted by suhani varma on Thursday, March 28, 2019 with No comments


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SGX Nifty is at 11424, down 22 points. For today, banks, both private and PSUs along with selected metals could see outperformance as we end the best March series in the last 5 years.

Nifty saw a sharp correction in the last hour of trade as markets succumbed to volatility due to derivative contracts expiry on Thursday.

Global Market: Asian markets opened in the red as profit booking was witnessed last night in most global markets, with the Brazilian Bovespa leading the losers with a 3.5% fall. Falling yields indicate slow or no growth which could be a cause of worry for the US economy. Fall in oil, bond yields & US$ could bode well for Asian markets as consumption spending sees a rebound.

US Markets: US stocks close flat as yields fall to new lows at 2.38%. Technology stocks succumb to profit booking as Nasdaq falls over 0.5%. Oil supplies rise more than expected in the US market, which sees crude futures slipping sharply.

FII/DII Data: In yesterday’s trading session, FIIs bought 1481cr worth of stock in cash, whereas DIIs bought 135cr worth of stock. In the derivative market, FIIs bought 1509cr of Index futures and sold 2204cr worth of Index options. In the Stock futures segment, FIIs bought 291cr worth of stock futures and sold 157cr stock options.

FII View: In Index future segment, FIIs index future long/short ratio stands at 1.7x vs 1.5x on account of the creation of heavy long positions to the tune of 14565 contracts of index futures. However, they have continued written call and put options to the tune of 16737/18405 contracts.

FIIOI(000's)% Chg% Chg Since ExpiryLong/Short RatioLong/Short Since Expiry
Future Index Long23371461.71.5
Future Index Short134(5)64
Option Index Call Long311(3)(77)2.52.5
Option Index Call Short12416(91)
Option Index Put Long4304(76)1.31.3
Option Index Put Short3246(82)


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