Foreign investors go long in index futures

Foreign institutional investors (FIIs) are building up long positions in NSE futures across indexes, especially in banks, in an indication they could be betting on a sustained record-setting gain, according to traders.

FIIs have bought index futures worth 38.89 billion Indian rupees in March, already heading towards their biggest monthly purchases since October when the total monthly amount reached 45.66 billion rupees.

Meanwhile, their open positions have increased by about 44 percent so far this month, SEBI data shows.

The Nifty accounts for about 89 percent of the total outstanding positions, while 10 percent is held by Bank index futures, exchange data shows.

FIIs posted on Friday their biggest daily purchases since December 9, or a net 25.77 billion rupees in India's cash shares. That marked a 16th consecutive buying session for a net total of about $1.4 billion.

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E-mail ID will not be published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

  • The survey paints an optimistic future, but sees little scope for a bang

    The Economic Survey, which comes out a day before the Union budget, is widely regarded as its forerunner, an indicator of things to come 24 hours late

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

Urs Schoettli

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture