FIIs, DIIs net sell Rs 342 cr in equities on Wed (prov)
Midcap and smallcap action may continue today. FII selling may be a dampener for markets.
January 06, 2011 / 10:28 IST
By Varinder Bansal, Research Analyst at CNBC-TV18
Market outlookThe markets are likely to start firmly after 2-day fall. Global cues are positive and SGX Nifty is indicating strong start. Today's market closing will be more important. Experts see inflation as a big risk for Indian markets.Midcap and smallcap action may continue today. FII selling may be a dampener for markets.Institutional actionFIIs were net sellers of Rs 240 crore and DIIs net sellers of Rs 102 crore in the cash market on January 05, as per provisional data available on NSE. FIIs were net sellers of Rs 469 crore in the F&O market.FIIs in F&OFIIs were net sellers of Rs 1,642 crore in Index Futures and net selles of Rs 495 crore in Stock Futures while FIIs were net buyers of Rs 1,652 crore in Index Options.Market cuesNSE F&O Open Interest was up by Rs 3,436 crore at Rs 1.18 lakh crore. Fertiliser secretary said there was no change on urea policy as of now. "GoM will decide urea policy based on recommendations of committee," he said. Finance Ministry sources said urea price decontrol may take place only next fiscal.F&O cuesTotal Nifty Futures' open interest (OI) was down by Rs 300 crore while total options up by Rs 3736 crore. Stock Futures added 1.35 crore shares in Open Interest.Nifty Futures shed 2 lakh shares in Open Interest and ended at 24 points premium versus 14 points. Nifty Open Interest PCR was down at 1.31 from 1.37.Nifty Puts added 17.8 lakh shares in Open Interest while Nifty Calls added 31.6 lakh shares in OI. Nifty 6200 Call added 15.4 lakh shares in Open Interest and Nifty 6100 Call added 8.5 lakh shares in Open Interest. Nifty 6400 Call added 6.44 lakh shares in Open Interest whiel Nifty 5800 Put added 2.2 lakh shares in Open Interest.Nifty 6200 Put shed 3.2 lakh shares in Open Interest and Nifty 6100 Put shed 1.3 lakh shares in Open Interest. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
