FIIs unwind long positions in index futures for second day

Foreign flows are on watch after overseas investors sold 3.96 billion rupees worth of index futures on Monday, adding to Friday's selling of 6.08 billion rupees, exchange data shows.

Dealers say outstanding positions in index futures have reduced by 24,631 contracts implying foreign investors are seen unwinding some of the long positions in Nifty futures and Bank Nifty futures. The BSE Sensex rose 8.9 percent and hit a record high in 2013 despite slowing growth and sticky inflation on back of over $20 billion worth buying in stocks during the period.

Overseas investors also sold cash shares worth 3.19 billion rupees on Monday in addition to 1.39 billion rupees of selling in the previous session, regulatory and exchange data shows.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Kerala, god’s own country, will always be free spirited

    Candy is dandy, but liquor is quicker,” the celebrated American poet Ogden Nash had once said famously.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>:The over-the-top effect effect

The overconfidence effect is a bias in which someone’s subjective ...

Parvez Imam

The absoluteness in representations

When a representation replaces the original object or subject, a ...

Dharmendra Khandal

Religion and conservation must go hand in hand

In 1986, former president of WWF International, HRH Prince Philip, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture