FIIs net buy Rs 890 cr in equities on Monday (prov)

By Sonia Shenoy, Research Analyst at CNBC-TV18

Market cues

Trend continues to be upward on the Nifty, which closes just below 200 DMA of 5690. Nifty range is expected to be 5650-5720.

There was a resumption of buying by FIIs. Drop in crude prices was a big relief.

Stocks in news

HCC will see relief run as MoEF may agree with EAC conditional nod to Lavasa. 6 conditions will be imposed and final hearing will be on March 30th.

Hero Honda - The Union Cabinet is likely to approve the induction of Rs 4,500 crore foreign equity by Hero Investments Pvt Ltd (HIPL), which is mainly to fund the buyout of 26% Honda stake.

Auto stocks, ahead of monthly sales data on 1st are expected to continue upward momentum.

Institutional action

FIIs were net buyers of Rs 890 crore while DIIs were net sellers of Rs 287 crore in the cash market on Monday, as per provisional data available on NSE. FIIs have net bought Rs 902 crore in the F&O market.
 
FIIs in F&O

FIIs have net bought Rs 848 crore in Index Futures and they were net bought Rs 103 crore in Index Options on March 28. However, FIIs were net sellers of Rs 81 crore in Stock Futures.

F&O cues

-Total Futures' open interest was up by Rs 2,200 crore. Total Options' open interest went up by Rs 3,362 crore.

Total Stock Futures added 171 lakh shares in open interest (OI). Nifty Futures shed 4.63 lakh shares in OI and ended at 12.40 points premium as against 26.45 points.

Nifty completed 41% rollover till yesterday. Nifty 5700 Put added 23.59 lakh shares in Open Interest and Nifty 5600 Put added 8.81 lakh shares in Open Interest.

Nifty 5800 call added 8.10 lakh shares in Open Interest. Nifty 5800 Put added 4.80 lakh shares in Open Interest. Bifty April 5600 put added 5.59 lakh shares in Open Interest and Nifty April 5500 put added 7.41 lakh shares in Open Interest.

Nifty 5500 Call shed 10.51 lakh shares in Open Interest and Nifty 5600 Call shed 4.68 lakh shares in Open Interest. Nifty 4900 Put shed 3.91 lakh shares in Open Interest.

Nifty 5400 Call shed 3 lakh shares in Open Interest. Nifty 5300 Put shed 2.7 lakh shares in Open Interest and Nifty 5400 Put sheds 2.38 lakh shares in Open Interest.

India VIX was up by 2.69% at 21.02.