All You Need To Know About FIIs Position Going Into Trade On June 24

Foreign institutional investors stayed net sellers in the cash market, index futures, index options and stock futures markets on Friday, and remained net buyers in stock options market.

Overseas investors in Indian equities turned net sellers on Friday after four days. Foreign portfolio investors offloaded stocks worth Rs 1,790.2 crore, according to provisional data from the National Stock Exchange.

This month, FPIs have sold equities totaling over Rs 2,584.2 crore. They had purchased stocks amounting to Rs 13,069 crore in the previous four sessions.

Domestic institutional investors turned net buyers after a day of selling and mopped up equities worth Rs 1,237.2 crore, the NSE data showed.

Foreign institutions have been net sellers of Rs 11,194 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.

Ahead of the June 27 weekly expiry, the value of outstanding positions—also called the open interest in the derivatives segment—has seen an increase/ Decrease for FIIs in the Nifty Futures.

When it came to Nifty Futures long positions, foreign investors reduced 2,305 contracts on June expiry, while Nifty 50 short positions in futures decreased by 3,831 contracts.

 The FIIs sold Rs 48.5 crore of index futures, Rs 1,796.54 crore in index options, stock futures worth Rs 1,687.88 crore while they bought stock options worth Rs 1,156.38 crore.

The Nifty June futures were down 0.52% to 23,487.3 at a discount of 13.8 points, with its open interest down by 5.8%. The Nifty Bank June futures were down by 0.3% to 51,613.35 at a discount of 48.1 points, while its open interest was down by 8.64% at the end of its weekly expiry.

The open interest distribution for the Nifty 50 June 27 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 54,000 and the maximum put open interest was at 49,000.

The value of total Nifty 50 Futures Open Interest in the market decreased by Rs 1,587 crore at the end of June expiry—from Rs 29,051 crore a day earlier to Rs 27,464 crore.

In Nifty Options, foreign investors decreased their positions by Rs 24 crore in notional terms ahead of the June 27 expiry. In terms of premium open interest value, it was Rs 5,305 crore lower than Rs 5,329 crore a day earlier.

The total long-short ratio for foreign investors falls slightly to 1.16 from 1.19 a day earlier.