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FIIs net buy Rs 1,315 cr in Nifty futures on Fri
Published on Mon, Nov 09, 2009 at 09:18   |  Updated at Mon, Nov 09, 2009 at 09:19  |  Source : Moneycontrol.com

FIIs were net buyers to the tune of Rs 1,315 crore in Nifty futures, which ended with 6 points discount versus 5 points premium.

By Anuj Singhal, Head-Markets Research at CNBC-TV18

FIIs were net buyers to the tune of Rs 1,315 crore in Nifty futures, which ended with 6 points discount versus 5 points premium.

The Nifty Open Interest PCR (put-call ratio) stood at 1.26 versus 1.24. Nifty 4600 and 4700 Puts added 9 lakh shares in OI (open interest). Stock futures shed 2 crore shares in OI.

Suzlon has seen a 2-day relief rally of 20%. The stock was up 6% on Friday and its futures Open Interest was down 14%.

Fresh short positions were seen in Idea Cellular and Tata Power; their cost of carry (CoC) was also down. Idea fell 5.6% and its futures Open Interest was up 10%. Tata Power declined 4% and its futures Open Interest was up 28%.

Fresh long positions were seen in Ashok Leyland and Polaris; their CoC was also up. Ashok Leyland gained 4% and its futures Open Interest was up 43%. Polaris jumped 6% and its futures Open Interest was up 34%.

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