FIIs extend sales to third day in futures, shares
Reuters Market Eye - Overseas investors sold 13.29 billion rupees worth of index futures on Tuesday, leading to total sales of 23.34 billion rupees over the previous three sessions, exchange data shows.
Outstanding positions in index futures increased by 26,816 contracts on Tuesday, implying foreign investors created fresh short positions in Nifty futures and Bank Nifty futures, dealers say, citing exchange data.
Foreign investors also sold cash shares worth 5.67 billion rupees on Tuesday, totalling sales of 8.39 billion rupees since Thursday, regulatory and exchange data shows.
Analysts say foreign flows may remain volatile as some may book profits and churn allocations after Indian shares hit record high in December backed by over $20 billion worth of foreign buying in cash shares.
Events including October-December earnings, inflation data, central bank policy review in January are also keeping flows in check, dealers add.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
- UPDATE 2-Girl who fatally shot Arizona gun instructor said weapon was too powerful
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- 100 days of Modi: Good for business, not so good for marginalised groups
- Comedian Joan Rivers still on life support - daughter
- Celebrity hacking clouds Apple's upcoming product launch
Optimism that sunny growth figures herald an economic revival in India is probably misplaced - in fact there is little hard evidence to support the idea that Asia's third-largest economy is heading for a broader and sustained rebound anytime soon. Full Article
100 days of Modi: Good for business, not so good for marginalised groups. Full Article