FIIs net buy Rs 1,939 cr in Nifty futures

CNBC-TV18's Head-Markets Research, Anuj Singhal : FIIs have net bought Rs 1,939 crore in Nifty futures; open interest (OI) declined by 16,830 contracts. FIIs have net bought Rs 4,372 crore in Nifty futures in last 2 days with OI cut of 56,000 contracts. Nifty Futures ended at 14 points discount versus 22 points discount.

Nifty Open Int PCR increased at 1.24 from 1.08. Nifty 3900 Put added 12.5 lakh shares in Open Int while Nifty 4100 Call shed 3.8 lakh shares in Open Int.

ICICI Bank went up 12% in cash market. Its cost of carry, CoC was flat. Futures Open Int was down 13.5%. NSE delivery volumes stood at 62 lakh shares.

Power Grid went up by 5.5%. The CoC surged while futures Open Int down 7.5%. Huge short covering has seen there.

IDFC shot up 15%. ITs CoC was up and futures Open Int up 5%. Fresh long positions have seen.

Satyam lost 7%. Futures Open Int was up 10%.

• F&O HIGHLIGHTS
  FIIs net buy Rs 1939 cr in Nifty futures; OI down by 16,830 contracts
  FIIs have net bought Rs 4,372 cr in Nifty futures in last 2 days with OI cut of 56,000 contracts
  Nifty Futures at 14 pts discount Vs 22 pts discount
  Nifty Open Int PCR at 1.24 Vs 1.08
  Nifty 3900 Put adds 12.5 lakh shares in Open Int
  Nifty 4100 Call sheds 3.8 lakh shares in Open Int
• ICICI BANK
  Stock up 12%; CoC flat
  Futures Open Int down 13.5%
  NSE del vol at 62 lakh (50%)
• POWER GRID
  Stock up 5.5%; CoC surges
  Futures Open Int down 7.5%
  Huge short covering seen
• IDFC
  Stock up 15%; CoC up
  Futures Open Int up 5%
  Fresh long positions seen
• SATYAM
  Stock down 7%
  Futures Open Int up 10%
  NSE del vol at 78 lakh (47%)
• LIC HSG FIN
  Stock up 2%; CoC up
  Futures Open Int up 11.5%
  Has consistently seen big build-up