FIIs net sell Rs 1473 cr in Nifty futures

CNBC-TV18's Head-Markets Research, Anuj Singhal: FIIs were net sellers worth Rs 1473 crore in Nifty futures. Nifty April futures added 4 lakh shares in Open Int, ended at 2-point discount. Nifty May futures shed 11 lakh shares in Open Int, ended at 3-point discount.

Nifty Open Int PCR declined to 1.19 versus 1.44. Huge Call writing was seen at 4800, 4900 and 5000 levels. Stock futures shed 83 lakh shares in Open Interest.

SAIL was down 6%. The cost of carry, CoC fell while futures Open Int was up 8%. Fresh short positions were seen there.

RNRL went down 5%. The CoC turned back in the red with futures Open Int down 13%. Unwinding of Friday positions were seen.

Orchid Chem rose by 12%. The CoC was down with futures Open Int down 21%. Unwinding was seen at higher levels.

JP Associates went down 5.8%. The CoC was down with futures Open Int down 5%. Unwinding of Friday positions were seen.

Unitech fell by 5.3%. The CoC was down while futures Open Int up 4%. Fresh shorts have seen in realty, bank stocks.

F&O HIGHLIGHTS

• FIIs net sell Rs 1473 cr in Nifty futures
• Nifty Apr futures add 4 lakh shares in Open Int, at 2-point discount
• Nifty May futures shed 11 lakh shares in Open Int, at 3-point discount 
• Nifty Open Int PCR slides to 1.19 vs 1.44  
• Huge Call writing at 4800, 4900 and 5000
• Stock futures shed 83 lakh shares in Open Int

SAIL

• Stock down 6%; CoC slides
• Futures Open Int up 8%
• Fresh short positions seen

RNRL

• Stock down 5%; CoC back in red
• Futures Open Int down 13%
• Unwinding of Friday positions seen

ORCHID CHEM

• Stock up 12%; CoC down
• Futures Open Int down 21%
• Unwinding seen at higher levels

JP ASSOC

• Stock down 5.8%; CoC down
• Futures Open Int down 5%
• Unwinding of Friday positions seen

UNITECH

• Stock down 5.3%; CoC down
• Futures Open Int up 4%
• Fresh shorts in realty, bank stks