FIIs net sell Rs 1129 cr in index futures on Tues
Nifty rollover stood at 33%. Nifty Open Interest PCR was down at 1.21 versus 1.24. Nifty 5500 Call added 9.5 lakh shares in OI while Nifty March 5300 Put added 7.9 lakh shares in OI.
February 23, 2011 / 11:11 IST
By Varinder Bansal, Research Analyst at CNBC-TV18
FIIs were net sellers of Rs 1,129 crore in index futures, which open interest (OI) was down by 20,083 contracts. They were net sellers of Rs 793 crore in Index Options, which OI was up by 9490 contracts.Nifty rollover stood at 33%. Nifty Open Interest PCR was down at 1.21 versus 1.24. Nifty 5500 Call added 9.5 lakh shares in OI while Nifty March 5300 Put added 7.9 lakh shares in OI.Reliance Industries and Cairn witnessed short covering & delivery based buying yesterday. Reliance rallied 3%; its OI was down by 19% and delivery volume increased sharply to 1.14 crore shares as against 31.7 lakh shares. Delivery based buying was worth over Rs 1000 crore.Cairn India went up 3.2%; its OI was down by 1% and delivery volume jumped at 30.7 lakh shares versus 20 lakh shares.Fresh shorts and delivery based selling were seen in Jet Airways, Idea, HPCL and Punj Lloyd. Jet Airways plunged 8%; its OI was up by 7% and delivery volume went up at 4.7 lakh shares versus 1.4 lakh shares.Idea Cellular lost 8%; its OI was up by 7% and delivery volume jumped at 59 lakh shares versus 6.8 lakh shares. HPCL slipped 4.5%; its OI was up by 7% and delivery volume increased at 4.5 lakh shares versus 2.1 lakh shares.Punj Lloyd tanked 4.5%; its OI was up by 9% and delivery volume went up at 16.5 lakh shares versus 9.7 lakh shares. 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!
