All You Need To Know About FIIs Position Going Into Trade On June 20
FIIs increase long positions in Nifty Futures while decreasing short positions ahead of June 20 weekly expiry.
Foreign institutional investors had stayed net buyers in the cash market and index futures, stock futures and stock options markets on Wednesday, and net sellers in the index options market.
FIIs In Cash Market
Foreign portfolio investors recorded their highest-ever single-day buying of Indian shares so far in 2024 on Wednesday, even as the markets rose to new highs. The investors bought stocks worth Rs 7,908.36 crore, according to provisional data from the National Stock Exchange, surpassing the previous high of Rs 7,304.11 crore on March 7, 2024.
Domestic investors also stayed net buyers for the third consecutive day on Wednesday and mopped up equities worth Rs 7,107.80 crore, the NSE data showed.
Foreign institutions have been net sellers of Rs 21,617 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 decrease for FIIs in the Nifty Futures.
When it came to Nifty Futures long positions, foreign investors added 43,105 contracts on June 19, while Nifty 50 short positions in futures decreased by 13,806 contracts.
The FIIs bought Rs 4,356.46 crore of index futures, stock futures worth Rs 942.74 crore, stock options worth Rs 105.55 crore and sold Rs 7,951.18 crore in index options, and on Wednesday.
F&O Cues
The Nifty June futures were down 0.3% to 23,503.6 at a discount of 12.4 points, with its open interest down by 0.3%. The Nifty Bank June futures were up by 2.02% to 51,353.4 at a discount of 44.65 points, while its open interest was down by 2.12% at the end of its weekly expiry.
The open interest distribution for the Nifty 50 June 20 expiry series indicated most activity at 23,000 put strikes, with 24,000 call strikes having maximum open interest.
For the Bank Nifty options June 26 expiry, the maximum call open interest was at 52,000 and the maximum put open interest was at 51,000.
FII Contract Value
The value of total Nifty 50 Futures Open Interest in the market decreased by Rs 162 crore at the end of June expiry—from Rs 29,015 crore a day earlier to Rs 28,853 crore.
In Nifty Options, foreign investors increased their positions by Rs 46 crore in notional terms ahead of the June 20 expiry. In terms of premium open interest value, it was Rs 5031 crore higher than Rs 4,985 crore a day earlier.
Long-Short Ratio
The total long-short ratio for foreign investors remains flat at 1.30 from 1.30 a day earlier.
