Thursday 2 May 2019

SGX Nifty Indicates Flat Opening For Indian Markets

Posted by suhani varma on Thursday, May 02, 2019 with No comments


Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 2 may  2019, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 2 may 2019
-------------------------------------------------------------------------------------------------------

SGX Nifty is at 11,794 levels, down 56 points. The dampener was the broader market as debt market downgrades saw NBFC & PSU banks see extreme selling pressure.

On Tuesday, Nifty saw a superb recovery in the last hour of trade after being down almost 100 points to close almost flat. Nifty Metals, IT, and selected financial services stocks led the pull back as local mutual funds bought heavyweights. On Wednesday, financial markets in India were shut on account of Labour Day Holiday.

Global Markets: Asian markets opened weak after the US indices corrected sharply even after the Federal Reserve left rates unchanged. The strength in the US $ saw weakness in most emerging market currencies, which in turn resulted in a spill over effect on equities. Earnings will be the next catalyst for market direction as trade talks reach the final outcome this month.

US Markets: US indices correct sharply even as Federal Reserve leaves rates unchanged & signals neutral policy to continue. Markets fall as expectations of rate cut get diminished with Central Bank Chief indicating no chances of a rate cut as inflation may have bottomed out. The dollar sees the rally as bond yields also rise to 2.63%.

FII/DII Data: In yesterday’s trading session, FIIs bought 115cr worth of stock in cash, whereas DIIs bought 730cr worth of stock. In the derivative market, FIIs sold 1479cr of Index futures and bought 1052cr worth of Index options. In the Stock futures segment, FIIs bought 165cr worth of stock futures and sold 70cr stock options.

FII View: In Index future segment, FIIs index future long/short ratio stands at 2.4x vs 2.9x, on account of an unwinding of long positions and addition of marginal short positions. On the Index option’s front, they continued to remain net buyers expecting a rise in the volatility levels going forward.

FIIOI(000's)% Chg% Chg Since ExpiryLong/Short RatioLong/Short Since Expiry
Future Index Long1903(2)2.40.8
Future Index Short803419
Option Index Call Long1731552.50.9
Option Index Call Short701214
Option Index Put Long2741882.31.1
Option Index Put Short117141

0 comments:

Post a Comment