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Nifty: Will the market rally yet again as FIIs turn overtly bearish in F&O?

Business Standard LogoBusiness Standard12h ago

Nifty: Will the market rally yet again as FIIs turn overtly bearish in F&O? - Business Standard

Quick Summary:

Derivatives market update Oct 11: Last time around, in June, the Nifty rallied sharply after FIIs turned this bearish and the long-short ratio dipped to near 0.5.Will history repeat?

As per data available from the NSE, FIIs net sold 26,737 contracts of index futures worth Rs 1,663.62 crore.

In case of Bank Nifty, significant open interest is concentrated at the 52,000 strike calls (16.83 lakh contracts) and 51,000 puts (17.98 lakh contracts).


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Article Details

Category: BusinessFinance

Markets:

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-10-11 @ 09:25:22 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1000 words

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Sentences: 49 lines

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Copyright Owner: © Business Standard

News ID: 22991321

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