Markets to open higher tracking Asian peers
Equity tips:-
SGX Nifty is at 10995, up 40 points. We expect the
mid-caps to outperform as value buying and NAV propping sees that stocks
will do well. Indian stocks outperform most global indices in December
as fall in oil and yields boost rupee and sees foreign flows return.
On Tuesday, the Nifty saw another volatile session get bought into with the Nifty recovering from the morning fall to close in the green. Oil price fall was the kicker to see Indian indices outperform as crude hit 18 months lows yesterday.
Global markets: Asian indices traded flat as the US indices again "flattered to deceive" giving up most gains by the end of the session. Oil prices plunged over 7% as higher US supply saw markets react on the downside. Expect a positive reaction from the US-China priority talks on trade in early January for most Asian markets with the Federal Reserve meeting today being another event to watch.
US markets: US stocks give up most gains to close in the green as energy stocks drag the index lower. Oil plunges to near 18 months lows as over a supply fears drag down prices. The US-China to talk on trade and tariffs in January on the top priority basis, this will have an impact on markets in coming days.
FII/DII Data: In yesterday’s trading session, FIIs bought 144cr stock in the cash market, whereas DIIs sold 182cr worth of stock. In the derivative market, FIIs sold 950cr of Index futures and bought 940cr worth of Index options. In the Stock futures segment, FIIs sold 259cr worth of stock futures and bought 3cr stock options.
FII View: FIIs created bearish positions in Index Futures in yesterday’s trading session, which is deduced by the fact that they created 12217 net short contracts in the segment. The long-short ratio in Index Futures currently stands at 0.8x, since the start of the December series.
On Tuesday, the Nifty saw another volatile session get bought into with the Nifty recovering from the morning fall to close in the green. Oil price fall was the kicker to see Indian indices outperform as crude hit 18 months lows yesterday.
Global markets: Asian indices traded flat as the US indices again "flattered to deceive" giving up most gains by the end of the session. Oil prices plunged over 7% as higher US supply saw markets react on the downside. Expect a positive reaction from the US-China priority talks on trade in early January for most Asian markets with the Federal Reserve meeting today being another event to watch.
US markets: US stocks give up most gains to close in the green as energy stocks drag the index lower. Oil plunges to near 18 months lows as over a supply fears drag down prices. The US-China to talk on trade and tariffs in January on the top priority basis, this will have an impact on markets in coming days.
FII/DII Data: In yesterday’s trading session, FIIs bought 144cr stock in the cash market, whereas DIIs sold 182cr worth of stock. In the derivative market, FIIs sold 950cr of Index futures and bought 940cr worth of Index options. In the Stock futures segment, FIIs sold 259cr worth of stock futures and bought 3cr stock options.
FII View: FIIs created bearish positions in Index Futures in yesterday’s trading session, which is deduced by the fact that they created 12217 net short contracts in the segment. The long-short ratio in Index Futures currently stands at 0.8x, since the start of the December series.
| FII | OI (in000's) |
% Chg | % Chg Since Expiry |
Long/ Short Ratio |
Long/Short Since Expiry |
| Index Long | 173 | 1 | 24 | 0.8 | 0.8 |
| Index Short | 205 | 7 | 55 | ||
| Index Call Long | 243 | (0) | 26 | 2.5 | 0.8 |
| Index Call Short | 96 | (6) | 51 | ||
| Index Put Long | 377 | 2 | 50 | 2.3 | 0.9 |
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