Ways2Capital Reviews : Markets Indicating A Flat Opening Ahead Of RBI’s Monetary Policy

SGX Nifty is currently trading in the red down 16 points at 10,590.

Markets are expected to be choppy till the monetary policy announcement by MPC at 2:30 pm today. Traders would also keep an eye on the commentary given by the MPC member to get further cues regarding inflation and growth prospects.

Global markets
Major Asian markets are trading marginally in the green, Nikkei is up 0.12%, Hang Seng is up 0.36%, while the Shanghai Composite is trading 0.33% lower.

US Markets: Stocks witnessed a lackluster trading session yesterday after posting smart gains in the previous session. However, the Nasdaq continued its positive momentum and ended at a record high for the second consecutive session. The major averages eventually ended the session on a mixed note.

The Dow edged down 0.1% to 24,799.98, the Nasdaq surged 0.4% to 7,637.86 and the S&P 500 inched up 0.1% to 2,748.80.

European market too ended on a mixed note with FTSE down 0.71%, CAC was down 0.22%, while DAX ended 0.13% higher.

FII Data:
In yesterday’s trading session, FII’s bought 2,354 crores stock in the cash market whereas DII’s sold 713 crores worth of stock.

In the derivative market, FII’s bought 553 crores of Index futures and sold 443 crores worth of Index options.

In the stock futures segment, FII’s sold 1,587 crores worth of stock futures and bought 15 crores stock options.

FII View:
In yesterday’s trading session FII continued to build bearish positions in the market, which is deduced by the fact that that they purchased 8,602 short contracts in Index futures, while simultaneously creating 15,590 short contracts in index call options. The long-short ratio in Index Futures currently stands at 0.8x.
 
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