FIIs net sell Rs 1923 cr in index futures on Mon

By Varinder Bansal, Research Analyst at CNBC-TV18

FIIs were net sellers of Rs 1,923 crore in Index Futures, which open interest was down by 6,945 contracts. NSE F&O Open Interest was down by Rs 1475 crore at Rs 1.21akh crore.

Futures open interest (OI) shed 19 lakh (8%) shares in OI and discount widened to 12 points from 4 points. India VIA jumped by 10% at 25.22.

Nifty Open Interest PCR fell to 1.26 from 1.27. Nifty 5600 Call shed 20.5 lakh (25%) shares in Open Interest while Nifty 5400 call added 7.8 lakh (32%) shares in Open Interest.

Fresh shorts were seen in BHEL. The stock went down 3.2%; its OI was up by 16% and delivery volume increased at 3.5 lakh shares versus 3.12 lakh.

Fresh shorts seen and speculative selling were seen in SBI and Maruti. SBI lost 2.9%; its OI was up by 5% and delivery volume declined at 4.4 lakh shares versus 6.8 lakh.

Maruti tanked 3.7%; its OI was up by 5% and delivery volume slipped at 1 lakh shares versus 2.2 lakh.

SAIL and Educomp Solutions witnessed fresh shorts & cash based selling. The stock slipped 2.5%; its OI was up by 8% and delivery volume jumped at 8.5 lakh shares versus 4.6 lakh.

Educomp Solutions fell 5%; its OI was up by 13% and delivery volume increased at 5.13 lakh shares versus 2.3 lakh.

Unwinding and speculative selling were seen in Unitech. The stock declined 2.8%; its OI was down by 4% and delivery volume slipped at 40 lakh shares versus 1.2 crore shares.