FIIs sell Rs 935 cr in equities on Feb 8 (prov)

By Anichya Shah, Research Analyst at CNBC-TV18

Global cues

The Dow Jones Industrial Average ended below 10,000 for the first time since November.

Among the Asia region - Taiwan, China, Japan and Korean indices broke 200 (daily moving average) DMA while India and Singapore markets are close to 200 DMA.

European markets ended 0.6-1.2% higher on Monday.

In commodities, base metals rebounded; copper halted 3-day slump.

Dollar Index declined 0.4% and Nymex Crude gained 1%.

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Fund flows

The Indian markets ended flat on Monday. FIIs were net sellers in India dedicated funds for 2 weeks. FIIs sold Rs 935 crore while DIIs net bought Rs 381 crore in cash markets on February 8, as per provisional data.

F&O highlights

Aggressive volumes were seen in Nifty Futures, which ended at 8-point premium. Build-up was seen at 4,700 Put and 5,200 Call.

Chambal Fertiliser's Open Interest was up 37%; Dabur's Open Interest up 31%; Hindalco's Open Interest up 36% and Tata Steel's Open Interest up 17%.