FIIs net buy Rs 826 cr in Nifty futures

CNBC-TV18s Head-Markets Research, Anuj Singhal: FIIs net bought Rs 826 crore in Nifty futures and Open Interest went up by 9,769 contracts. They net sold Rs 975 crore in Nifty options and Open Interest was up by 69,413 contracts. Nifty July futures shed 8.6 lakh while August futures added 10.6 lakh shares in Open Interest.

Nifty July Futures ended at 10-point premium while August at 6-point discount. Nifty Open Interest PCR declined at 1.24 from 1.31. Call build up was seen at 4500, 4400 and 4300.

Idea Cellular went up by 4% in cash market. Its cost of carry, CoC was up while futures Open Int down 10%. Short covering continued.

Reliance Capital was up 7.8%. Its CoC was up and futures Open Int up 10%. Similar trend was seen in other ADAG stocks.

Voltas fell 2.3%. Its CoC went down. Futures Open Interest wass up 54%. Fresh short positions have seen.

• F&O HIGHLIGHTS
  FIIs net buy Rs 826 cr in Nifty futures; Open Int up 9,769 contracts
  Net sell Rs 975 cr in Nifty options; Open Int up 69,413 contracts
  Nifty July futures shed 8.6 lakh, Aug futures add 10.6 lakh shares in Open Int
  Nifty July at 10-point premium, Aug at 6-point discount
  Nifty Open Int PCR at 1.24 vs 1.31 
  Call build up at 4500, 4400, 4300
• IDEA
  Stock up 4%; CoC up
  Futures Open Int down 10%
  Short covering continues
• REL CAP
  Stock up 7.8%; CoC up
  Futures Open Int up 10%
  Similar trend in other ADAG stocks
• VOLTAS
  Stock down 2.3%; CoC down
  Futures Open Int up 54%
  Fresh short positions seen
• WIPRO
  Stock up 5.8%; CoC up
  Futures Open Int down 6%
  Short covering rally seen