INSUBCONTINENT EXCLUSIVE:
Traders carried forward bearish bets to the March derivatives series as the stock market could remain on shaky ground because of continued
worries over Covid-19 outbreak turning into a world-wide pandemic
With benchmark indices hitting four-month lows on Thursday, expiry day of the February series, analysts expect a bounceback, but fear any
renewed strength could be short-lived.
Nifty rollovers on expiry day stood at 69 per cent on provisional basis, higher than the February
series figure of 66 per cent, said analysts
Nifty index ending down 45 points, or 0.4 per cent, from the previous close at 11,633.30
The Sensex slid 143 points, or 0.4 per cent to 39,745.66
alternative and quantitative research at Edelweiss.
Foreign investors offloaded Indian stocks worth Rs 3,127 crore on Thursday, taking their
total sales tally to almost Rs 10,000 crore in the past four days
Domestic institutional investors continued their shopping spree, buying stocks worth nearly Rs 3,500 crore on Thursday.
The volatility index
at Motilal Oswal.
The spread of Covid-19 outside China has raised concerns about its impact on global growth, leading to foreign investors
dumping riskier assets like emerging market equities.
Even though the Nifty fell below 11,550 on Thursday, put writers were holding
analysts.
The 11,800 strike holds the highest open interest among Nifty put options, followed by the 11,700 strike
The 12,000 strike holds the highest number of open positions among Nifty call options expiring March 26.
Analysts say Nifty March futures
being at a discount to the spot price, despite factoring in dividends by companies during the month, also indicates bearishness in the
Nifty March futures closed at 11,618.8 on a provisional basis, at a 14.5 per cent discount to the spot index
