News highlights from across the globe
ICICI Prudential Asset Management Co. has received approval from the RBI to acquire a 9.5% stake in The Federal Bank Ltd. The stake acquisition by ICICI Prudential AMC in the company will be subject to conditions specified, according to its exchange filing issued on Thursday. As of September, the asset management company's shareholding in Federal Bank stood at 1.93%.
Global Stock Market Today
Important news updates from the domestic front
Nifty Overview & Outlook
Derivatives Overview & Outlook
Yesterday, long unwinding was seen in Nifty and Banknifty futures with decrease in open interest by 21.6% and 17.2% respectively whereas long builduup was seen in Finnifty futures with increase in open interest by 10.3%.
Nifty futures rolled 79% of open interest into next contract which was higher than the previous month rollovers of 73% while Banknifty futures rolled 80% of open interest into next month which was inline with previous month rollovers of 79%.
On options front, Nifty will start the first weekly contract of January series with maximum positions at 22500 CE closely followed by 22000 CE and 21500 PE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 4359 Cr in the cash segment, bought stocks futures worth Rs 7106 Cr and sold index futures worth Rs. 903 Cr. DIIs were net buyer in the cash segment to the tune of Rs 137 Cr.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
F&O Securities in Ban Today – HINDCOPPER
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