Despite the markets closing at the highest levels on Thursday, foreign institutional investors turned net sellers in the cash market, index and stock options market, and the stock futures. On the other hand, they were buyers in the index futures market.
FIIs In Cash Market
Overseas investors turned net sellers on Thursday after a day of buying. Foreign portfolio investors offloaded stocks worth Rs 3,033 crore, according to provisional data from the National Stock Exchange. In this month, the FPIs have sold over Rs 13,863.1 crore equities.
The domestic institutional investors also turned net sellers after three buying sessions and sold equities worth Rs 553.9 crore, the NSE data showed.
Foreign institutions have been net sellers of Rs 29,198 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.
FIIs In Futures And Options
At the end of June 13 weekly expiry, the value of outstanding positions—also called the open interest in the derivatives segment—has seen a decrease for foreign institutional investors in the Nifty Futures.
When it came to Nifty Futures long positions, foreign investors added 27,190 contracts on June 13, while Nifty 50 short positions in futures declined by 18,008 contracts.
The FIIs bought Rs 2,716.92 crore of index futures, while selling Rs 71,912.01 crore in index options. Foreign investors on Thursday sold stock futures worth Rs 300.16 crore and stock options worth Rs 289.88 crore.
F&O Cues
Nifty June futures were up by 0.18% to 23,399.25 at a premium of 0.35 points, with its open interest down by 2.86%. Nifty Bank June futures were up by 0.02% to 49,912.65 at a premium of 65.95 points, while its open interest was down by 1.3% at end of its weekly expiry.
Open interest distribution for the Nifty 50 June 20 series indicated most activity at 22,500 put strike, and 24,000 call strike having maximum open interest.
For the Bank Nifty options' June 19 expiry, the maximum call open interest was at 50,000 and the maximum put open interest was at 50,000.
FII Contract Value
The value of total Nifty 50 Futures Open Interest in the market declined by Rs 772 crore at the end of June expiry—from Rs 28,889 crore a day earlier to Rs 28,117 crore.
In Nifty Options, foreign investors increased their positions by Rs 179 crore in notional terms at the end of June 13 expiry. In terms of premium open interest value, it was Rs 5,250 crore higher from Rs 5,071 crore a day earlier.
Long-Short Ratio
The total long-short ratio for the foreign investors rose to 1.18 from 1.14 a day earlier.
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