For today, we expect consolidation in large caps, while the broader market outperforms with mid-caps seeing strong buying.
SGX Nifty is at 10923, down 20 points. For today, we expect consolidation in large caps, while the broader market outperforms with mid-caps seeing strong buying.
Nifty saw a quiet start turn into the big rally ending up 150 points as heavyweight stocks led the rally. Reliance, Infosys, and HDFC twins saw a huge buying from foreign investors, which saw the sentiment improve dramatically and even the mid-caps joined the party.
Global Markets: Asian indices opened mixed with the Japanese Nikkei trading in the red as profit booking was noticed in early trade after yesterday's superb rally. The Chinese and Hong Kong markets look set to start the New Year with relative outperform after being the huge laggard in 2018. Expect equity to be favored asset class in early 2019 with Asia ex-Japan being the chosen destination.
US Markets: US indices see another higher day as Nasdaq & technology stocks lead the gainers. Oil prices bounce back strongly, while Europe reels under "no Brexit' vote, which hurt sentiment. Globally equities in a sweet spot as money chase stocks.
FII/DII Data: In yesterday’s trading session, FIIs bought 159cr stock in the cash market, whereas DIIs bought 417cr worth of stock. In the derivative market, FIIs bought 1153cr of Index futures and bought 194cr worth of Index options. In the Stock futures segment, FIIs bought 595cr worth of stock futures and bought 208cr stock options.
FII View: FIIs created bullish positions in the derivative segment in yesterday’s trading session, which is deduced by the fact that they created 15003 net long contracts in Index Futures, while simultaneously creating 5503 long contracts in Index Call Options.
SGX Nifty is at 10923, down 20 points. For today, we expect consolidation in large caps, while the broader market outperforms with mid-caps seeing strong buying.Nifty saw a quiet start turn into the big rally ending up 150 points as heavyweight stocks led the rally. Reliance, Infosys, and HDFC twins saw a huge buying from foreign investors, which saw the sentiment improve dramatically and even the mid-caps joined the party.
Global Markets: Asian indices opened mixed with the Japanese Nikkei trading in the red as profit booking was noticed in early trade after yesterday's superb rally. The Chinese and Hong Kong markets look set to start the New Year with relative outperform after being the huge laggard in 2018. Expect equity to be favored asset class in early 2019 with Asia ex-Japan being the chosen destination.
US Markets: US indices see another higher day as Nasdaq & technology stocks lead the gainers. Oil prices bounce back strongly, while Europe reels under "no Brexit' vote, which hurt sentiment. Globally equities in a sweet spot as money chase stocks.
FII/DII Data: In yesterday’s trading session, FIIs bought 159cr stock in the cash market, whereas DIIs bought 417cr worth of stock. In the derivative market, FIIs bought 1153cr of Index futures and bought 194cr worth of Index options. In the Stock futures segment, FIIs bought 595cr worth of stock futures and bought 208cr stock options.
FII View: FIIs created bullish positions in the derivative segment in yesterday’s trading session, which is deduced by the fact that they created 15003 net long contracts in Index Futures, while simultaneously creating 5503 long contracts in Index Call Options.
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