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E-mail ID will not be published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

  • Lower home loan rates signal tough fight for market share

    Barely four weeks ago, a few public sector banks reduced interest rates on time deposit schemes by 10 to 25 basis points, depending on the tenure of t

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

Tushar Gandhi

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Zehra Naqvi

The five universal languages of love

Love is a universal language. Don’t we all believe that? ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture