Your Guide To FII Positions For March 7 Trade

FII's offloaded stocks worth approximately Rs 2,377.32 crore on Thursday.

FPIs remained buyers in index and stock futures and sellers in stock options. (Photo source: Envato)

Foreign portfolio investors continued to remain net sellers of Indian equities for the 11th straight session on Thursday. They remained buyers in index and stock futures and sellers in stock options. They turned sellers of index options.

Cash Market

Foreign portfolio investors continued to remain net sellers of Indian equities for the 11th straight session on Thursday, offloading stocks worth approximately Rs 2,377.32 crore.

Domestic institutional investors stayed net buyers for the 21st straight session as they bought equities worth Rs 1,617.80 crore, according to provisional data from the National Stock Exchange. In the previous day, the FPIs had offloaded equities worth Rs 2,371.47 crore.

Also Read: NSE's Monday F&O Expiries To Set Back Algo Trades By At Least Two Months

Futures And Options

Ahead of the March 27 expiry, the value of outstanding positions—also called open interest in the derivatives segment—has increased for the foreign institutional investors in the Nifty futures. The FIIs' long-to-short ratio in index futures remains at 18:82.

The FIIs bought index and stock futures worth Rs 1743.85 crore and Rs 1676.5 crore respectively. They sold index and stock options worth Rs 18,394.5 crore and Rs 315.47 crore.

FII Contract Value

The value of the total Nifty 50 futures open interest in the market decreased Rs 951.01 crore at the end of March expiry from Rs 40,007.1 crore a day earlier to Rs 40,958.11 crore.

F&O Cues

The Nifty March futures were up 0.80% to 22,620.95 at a premium of 76.25 points, with the open interest up 1.56%.

The open interest distribution for the Nifty 50 March 6 expiry series indicated most activity at 23,000 call strikes, and the 21,000 put strikes having the maximum open interest.

Long-Short Ratio

The total long-short ratio for foreign investors rose to 1.46 from 1.41 earlier.

Also Read: Trade Setup For March 7: Nifty's Immediate Support To Be 22,240

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WRITTEN BY
Neha Aravind
Neha Aravind is a desk writer at NDTV Profit, who covers business and marke... more
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