Foreign institutional investors had turned net buyers in the cash market and index futures on Tuesday, with the benchmark stock indices closing at record highs. They were sellers in the index options, stock futures and stock options markets.
FIIs In Cash Market
Overseas investors stayed net buyers for the second day on Tuesday after a day of selling. They bought stocks worth Rs 2,569.4 crore, according to provisional data from the National Stock Exchange. This month, foreign investors have sold over Rs 9,117.7 crore worth of equities.
Domestic institutional investors also stayed net buyers for the second day and mopped up equities worth Rs 1,555.7 crore, NSE data showed.
Foreign institutions have been net sellers of Rs 23,193 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
Ahead of the June 20 weekly expiry, the value of outstanding positions—also called the open interest in the derivatives segment—has seen an increase for FIIs in the Nifty Futures.
When it came to Nifty Futures long positions, foreign investors added 14,788 contracts on June 18, while Nifty 50 short positions in futures increased by 3,255 contracts.
The FIIs bought Rs 779.02 crore of index futures and sold Rs 6,891.75 crore in index options, stock futures worth Rs 710.2 crore and stock options worth Rs 435.97 crore on Tuesday.
F&O Cues
The Nifty June futures rose 0.44% to 23,568.1 at a premium of 10.2 points, with its open interest up by 1.8%. The Nifty Bank June futures were up by 0.78% to 50,417.35 at a discount of 40 23.55 points, while its open interest was up by 3.88% at the end of its weekly expiry.
The open interest distribution for the Nifty 50 June 20 series indicated most activity at 23,000 put strikes, with 24,000 call strikes having maximum open interest.
For the Bank Nifty options June 19 expiry, the maximum call open interest was at 52,000 and the maximum put open interest was at 50,000.
Also Read: FPIs Turn Net Buyers After A Day
FII Contract Value
The value of total Nifty 50 Futures Open Interest in the market increased by Rs 635 crore at the end of June expiry—from Rs 28,380 crore a day earlier to Rs 29,015 crore.
In Nifty Options, foreign investors increased their positions by Rs 142 crore in notional terms ahead of the June 20 expiry. In terms of premium open interest value, it was Rs 4,985 crore higher than Rs 4,843 crore a day earlier.
Long-Short Ratio
The total long-short ratio for foreign investors rose to 1.30 from 1.22 a day earlier.
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