FIIs net buy Rs 463 cr in equities on Nov 17 (prov)

The markets staged a recovery in the last hour of trade and ended flat. FIIs were net buyers to the tune of Rs 463 crore while DIIs net sellers of Rs 236 crore in equities on November 17, as per provisional data.

By Reema Tendulkar, Research Analyst at CNBC-TV18

Markets on Tuesday

The markets staged a recovery in the last hour of trade and ended flat. Buying was seen in technology, metal, banking and select infrastructure stocks while sell-off in oil & gas, telecom and realty.

Airline stocks witnessed selling pressure as Committee of Secretaries' meeting on FDI in aviation got cancelled. Kingfisher Airlines lost 5%; Jet Airways was down 2.3% and SpiceJet fell 3.5%.

Institutional action

FIIs were net buyers to the tune of Rs 463 crore while DIIs net sellers of Rs 236 crore in equities on November 17, as per provisional data.

US markets

The US markets ended off day’s low post Microsoft, Exxon upgrade while shrugged off disappointing outlooks from Target and Home Depot.

F&O highlights

Minor unwinding was seen in Nifty Futures. The Nifty OI (open interest) PCR (put-call ratio) was down from 1.58 to 1.53. The Nifty November Futures ended with 1 point premium.

Nifty 5100 Put added 2.4 lakh shares in Open Interest and 5100 Call added 2.3 lakh shares in Open Interest.

HDIL added 8 lakh shares in Open Interest while Reliance Industries shed 2.5 lakh shares in Open Interest; Bharti shed 17.25 lakh shares in Open Interest; Reliance Capital shed 5.7 lakh shares in Open Interest and Infosys shed 4.1 lakh shares in Open Interest.