F&O Tracker: Bulls roar back
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nifty 50 and Nifty Bank surged 8.6 per cent and 8 per cent last week, marking their biggest weekly gains in recent years.
- ✓F&O data showed a sharp shift as investors reduced short positions.
- ✓Bulls roared back as indices broke resistance levels, suggesting that the market sentiment has improved significantly now.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Nifty 50 (25,030) and Nifty Bank (59,086) staged a strong recovery last week, surging 8.6 per cent and 8 per cent respectively. Both indices recorded their biggest weekly gains in the recent years, signalling a sharp improvement in market sentiment.
The futures and options (F&O) data supports the positive momentum. Nifty futures witnessed considerable short covering, while options positioning turned increasingly bullish.
Foreign institutional investors (FIIs) reduced their net short positions in index futures by 58 per cent to 1 lakh contracts. Their net short positions in index calls, too, declined 47 per cent to 1.28 lakh contracts. However, net long positions in index puts fell 13 per cent to 4.5 lakh contracts, indicating a moderation in bearish bets.
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