Wednesday 22 May 2019

SGX Indicates A Positive Opening For Indian Markets

Posted by suhani varma on Wednesday, May 22, 2019 with No comments
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SGX Nifty is trading at 11746 levels, up 21 points. The actual election results will be announced tomorrow, and hence even today expect volatility to continue as local funds sell while foreign investors buy aggressively.

Nifty saw a sharp correction of over 100 points as local mutual funds played spoilsport & booked profit. The sentiment improvement has also seen rupee strengthen & bond yields hit almost 3-year lows.

Global market: Asian markets opened in the green with the Japanese Nikkei trading up marginally. The pull back in most Chinese indices could be on the cards as most companies seem over sold & the recent extension by President Trump could improve sentiment greatly. Also, it paves the way for positive talks between both the countries in early June to solve the trade tariff issues.

US Market: US indices closed with gains after 3 days of losses as President Trump extends any ban on Chinese internet company Huawei by 3 months. This sees sentiment get a boost with technology stocks rising sharply. Oil falls as trade wars threaten global growth with crude demand seeing longer-term destruction.

FII/DII Data: In yesterday’s trading session, FIIs bought 1185cr worth of stock in cash, whereas DIIs sold 1090cr worth of stock. In the derivative market, FIIs sold 86cr of Index futures and bought 572cr worth of Index options. In the Stock futures segment, FIIs sold 884cr worth of stock futures and sold 115cr stock options.

FII View: In Index future segment, FIIs index future long/short ratio stands at 1.3x with no major changes in long/short positions. However, on the Index option’s front, they created a large amount of call writing and put buying positions to the tune of 29868 & 39708 contracts.

FIIOI(000's)% Chg% Chg Since ExpiryLong/Short RatioLong/Short Since Expiry
Future Index Long1431(22)1.30.4
Future Index Short113289
Option Index Call Long2062371.10.4
Option Index Call Short19218206
Option Index Put Long32814411.90.8
Option Index Put Short177273

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