FIIs net buy Rs 1839 cr in Nifty futures

CNBC-TV18's Head-Markets Research, Anuj Singhal - FIIs were net buyers worth Rs 1839 crore in Nifty futures; Open Interest was down by 58,500 contracts. Nifty March futures shed 28 lakh while April futures added 17 lakh shares in Open Interest.

Nifty March futures ended at 1-point discount and April at 22-point discount. Nifty Open Interest PCR was up at 0.86 versus 0.83. Stock futures shed 1.3 crore shares in Open Int.

Yes Bank was up 7.6% on Wednesday. The cost of carry, CoC was down with futures Open Int down 26%. Unwinding was seen at higher levels.

Long unwinding was seen at higher levels in Satyam and Rel Cap. Satyam surged by 5.7%. The CoC was down with futures Open Int down 8%. Reliance Capital rose by 3.9%. The CoC was down with futures Open Int down 11%.

F&O Highlights

• FIIs net buy Rs 1839 cr in Nifty futures; Open Int down 58,500 contracts
• Nifty Mar futures shed 28 lakh, Apr futures add 17 lakh shares in Open Int
• Nifty Mar at 1-point discount, Apr at 22-point discount  
• Nifty Open Int PCR at 0.86 vs 0.83  
• Stock futures shed 1.3 cr shares in Open Int

Cues from Options

• Strike          OI Chg (lakh)   Premium (Rs)
  4600 Put          2                     107
  4500 Put         1.5                    67
  4700 Call         1.4                   40

Yes Bank 

• Stock up 7.6%; CoC down
• Futures Open Int down 26%
• Unwinding seen at higher levels

Satyam

• Stock up 5.7%; CoC down
• Futures Open Int down 8%
• Long unwinding at higher levels

Rel Cap

• Stock up 3.9%; CoC down
• Futures Open Int down 11%
• Long unwinding at higher levels