Nifty opened lower on Wednesday tracking weakness in global markets. Sustained selling in index pivotals kept the indices under pressure. The market breadth was weak with 1,722 shares declined against 931 advances. The banking, real estate and IT stocks surged in the later half of the day trimming some losses. S&P CNX Nifty closed at 4,400 down by 68 points with addition of Open Interest of 25 lac shares. The Put call ratio of Open Interest is in a declining trend to 1.11.
The overall market Future Open Interest now stands at Rs43,735cr. FIIs have created short position in Index Future to the tune of Rs1,016cr with increase in Open Interest by 29,835 contracts (5%) and in Single Stock Future they have sold
to the tune of Rs485cr with increase in Open Interest by 27,787 contracts (2%). In the Index Option segment they were net buyers to the tune of Rs238cr with increase in Open Interest by 14,830 contracts (1%). FIIs were net sellers in cash segment by Rs1,037cr (Provisional) and DIIs were net buyers in cash segment by Rs493cr (Provisional). Expect Nifty to open on a subdued note.
The overall market Future Open Interest now stands at Rs43,735cr. FIIs have created short position in Index Future to the tune of Rs1,016cr with increase in Open Interest by 29,835 contracts (5%) and in Single Stock Future they have sold
to the tune of Rs485cr with increase in Open Interest by 27,787 contracts (2%). In the Index Option segment they were net buyers to the tune of Rs238cr with increase in Open Interest by 14,830 contracts (1%). FIIs were net sellers in cash segment by Rs1,037cr (Provisional) and DIIs were net buyers in cash segment by Rs493cr (Provisional). Expect Nifty to open on a subdued note.
