By Anuj Singhal, Head-Markets Research at CNBC-TV18
Market outlook
The markets expected to consolidate further. Stock specific action may continue and watch out for midcap space.
FIIs buying continued and should aid sentiment, say experts. Liquidity remains strong and DQ Entertainment IPO subscribed 86 times.
Institutional action - March 10: Source - NSE
FIIs were net buyers to the tune of Rs 364 crore while DIIs net sold Rs 375 crore in cash markets on March 10, as per provisional data. FIIs net bought Rs 155 crore in F&O.
FIIs in F&O - March 10: Source - NSE
FIIs net bought Rs 336 crore in Nifty Futures and net bought Rs 94 crore in Nifty Options while they net sold Rs 270 crore in Stock Futures.
NSE F&O cues
Futures Open Interest was up by Rs 670 crore and Options Open Interest up by Rs 2828 crore. The Nifty March Futures added 1.5 lakh shares in Open Interest and ended at 2-point premium. The Nifty April futures added 4 lkah shares in Open Interest and ended at 1-point premium.
The Nifty Open Interest PCR rose to 1.39 from 1.35. Nifty Puts added 38 lakh shares in open interest while Calls added 12 lakh shares in Open Interest.
Nifty 5000 Put added 13 lakh shares in Open Interest; Nifty 5100 Put added 8.2 lakh shares in Open Interest; Nifty 5100 Call added 3 lakh shares in Open Interest and Nifty 5300 Call added 3 lakh shares in Open Interest. Stock futures added 1.8 crore shares in Open Interest.
