Nifty Futures Indicate Short Covering; FII Long Position Rise To 32%
The Nifty Index Futures settled at 24,131.1 and was up 1.17% with an open interest reduction of 7,624, indicating short covering.
The benchmark NSE Nifty 50 has moved 2.26% in the April contract since last expiry. Open Interest position has gone up 18.38% during the same period in Futures and across Futures and Options at 38.26%.
The Nifty April Futures is trading at a premium of 5.55 points. The Nifty current Open Interest value is Rs 28,640.6 crore.
The Nifty Options saw maximum activity at 24,000 Put and 24,500 Call. The Nifty Option open interest distribution suggests a trading range between 24,000 and 24,500. The Nifty Open Interest Put Call Ratio is at 0.88.
The Nifty Bank Index Futures settled at 55,280 and was up 1.99% with an Open Interest addition of 1,985, indicating fresh long build up.
The Nifty Bank Futures has risen by 7.23% since last expiry. Open Interest up by 6.12% in Futures and across Futures and Options at 192.87% since last expiry.
Nifty Bank April Futures is trading at a discount of 24.5 points. The current Open Interest value is Rs 11,838.32 crore.
FII Activity
Foreign institutional investors net added a long position worth Rs 1,283.96 crore in Nifty Futures, taking the total open interest of the FIIs in Nifty Futures to Rs 21,151.9 crore compared to the previous day's open interest of Rs 21,728.68 crore suggesting FPIs covered short positions and added net long positions.
FIIs net added a short position worth Rs 286.21 crore in Nifty Bank Futures, taking total open interest of FIIs in Nifty Bank Futures to Rs 10,004.13 crore compared to the previous day's open interest, suggesting the addition of short positions.
The FII Index long position has risen to 0.32 from 0.3 at the time of the last expiry. The long-short ratio has climbed to 0.46 and the FII open interest put-call ratio stood at 1 compared to 1.03 on the previous day.
The FIIs net buy was worth Rs 1,970 crore in the cash market, as per exchange provisional data.
-
India's Troika Of Good Luck | Joining The Dots
A weaker Trump, a cooling AI trade and resilient earnings have put Indian markets back in favour. Rising inflation could spoil the party.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
