FIIs net sell Rs 922 cr in Index Futures on Fri

By Varinder Bansal, Research Analyst at CNBC-TV18

FIIs were net sellers to the tune of Rs 922 crore in Index Futures; which open interest (OI) was up by 39,289 contracts. However, FIIs were net buyers of Rs 227 crore in Stock Futures; which OI was down by 11785 contracts. Nifty Open Interest PCR was down at 0.89 from 0.91. Nifty January 5600 Put added 10.7 lakh shares in OI while Nifty January 5700 Call added 9.8 lakh shares in OI. Market-wide rollover was at 22% and Nifty rollover at 17%. Short covering was seen in SBI. The stock rallied 2.5%; its OI was down by 12% and delivery volume increased to 10.8 lakh shares versus 9 lakh. Speculative buying and short covering were seen in LIC Housing Finance. The stock went up 11.5% and its OI was up by 1%. Fresh shorts were seen in ONGC. The stock tanked 2.5%; its OI was up by 14% and delivery volume declined at 7.7 lakh equity shares as against 11.6 lakh shares. Fresh shorts and cash based selling were seen in Wipro post results and Financial Tech. The stock fell 4.4%; its OI was up by 7% and delivery volume increased to 19 lakh shares versus 10.7 lakh shares. Financial Tech tumbled 6.2%; its OI was up by 11%.