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SGX Nifty is currently trading flat down 10 points at 11333. Markets have witnessed a stellar run in the past few trading session and bulls would be hoping for the run to extend.
Frontline companies have delivered a good set of numbers which has given support to the rally.
Power Grid, Tata Motors, UPL, and Vedanta are some of the large-cap companies that are set to announce their Q1 results later in the day.
Major Asian markets are trading with a negative bias at present; Nikkei is down 0.33%, Hang Seng is down 0.44%, while Shanghai Composite is trading 0.14% lower.
US Markets: Stocks ended in the red yesterday with technology stocks facing much of the brunt. The Dow and S&P 500 slid 0.6% to 25,306.82 and 2,802.60 respectively while the tech-heavy Nasdaq tumbled 1.4% to 7,630.00
European markets also closed in the red yesterday with the FTSE down 0.01%; CAC was down 0.37% while DAX closed 0.49% lower.
FII Data: In yesterday’s trading session, FIIs sold 234 crores stock in the cash market whereas DIIs bought 48 crores worth of stock. In the derivative market, FIIs sold 242 crores of Index futures and bought 145 crores worth of Index options. In the Stock futures segment, FIIs bought 1003 crores worth of stock futures and sold 26 crores stock options.
FII View: In yesterday’s trading session, FII created bullish positions in the derivatives market which is deduced by the fact that they created 6539 long contracts in Index Futures while simultaneously creating 9297 long contracts in Index Call options and 12510 short contracts in Index Put options. The long-short ratio in Index Futures currently stands at 1.4x.
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