MUMBAI: As news of the Indian Air Force attack on Pakistan surfaced Tuesday morning, the Nifty plunged by 151 points to hit an intraday low of 10,729. Then as the fears of escalation receded, the market clawed back all its losses and briefly entered the green before giving up the gains to close 45 points lower at 10,835.
While market experts like Nilesh Shah, MD, Kotak Mutual Fund, and UR Bhat, MD, Dalton Capital Advisors, believe that the Pulwama fallout is unlikely to snowball into war between India and Pakistan, the last half hour correction after the Nifty recouped all its losses shows that domestic investors remain cautious.
Even FPIs , who net purchased a provisional Rs 1,674 crore on Tuesday, net sold Rs 698 crore worth of index futures
Domestic investors net sold a provisional Rs 720 crore worth of shares, BSE data showed.
Also, domestic HNI clients who net sell Nifty puts, seem to have covered their short Nifty put positions on the front month Tuesday. This caused the put call ratio of February 28 expiry Nifty options to slip to 1.06 from 1.22 on Monday.
Significantly, NSE provisional data show that the 10,700 strike put, which had the highest open positions among puts, saw unwinding of a provisional10.08 lakh shares to 25.36 lakh shares. The put with the highest OI now is 10,400 followed by 10,500. This means the market
While market experts like Nilesh Shah, MD, Kotak Mutual Fund, and UR Bhat, MD, Dalton Capital Advisors, believe that the Pulwama fallout is unlikely to snowball into war between India and Pakistan, the last half hour correction after the Nifty recouped all its losses shows that domestic investors remain cautious.
Even FPIs , who net purchased a provisional Rs 1,674 crore on Tuesday, net sold Rs 698 crore worth of index futures
Domestic investors net sold a provisional Rs 720 crore worth of shares, BSE data showed.
Also, domestic HNI clients who net sell Nifty puts, seem to have covered their short Nifty put positions on the front month Tuesday. This caused the put call ratio of February 28 expiry Nifty options to slip to 1.06 from 1.22 on Monday.
Significantly, NSE provisional data show that the 10,700 strike put, which had the highest open positions among puts, saw unwinding of a provisional10.08 lakh shares to 25.36 lakh shares. The put with the highest OI now is 10,400 followed by 10,500. This means the market
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