sold 92.2 K contract of Index Future worth 1924 cores,62 K Long
contract were squared off by FII's and 30 K short contracts were
added by FII's. Net Open Interest decreased by 31.8 K contract so
today's fall was used by FII's to square off longs in Index Future and
add fresh shorts.Sensex Crashes 700 Points:Reason for sharp fall
The BSE Sensex plunged over 700 points and Nifty declined over 200 points.Let me put the reason from both Technical and Fundamental Perceptive
Squeeze by FII's : FII money is Hot money which chase return
irrespective of market. The Hottest Stock market on earth right now is Chinese Stock Market which is running like there is no tomorrow. China’s securities regulator approved 30 new initial public offers (IPOs). FII withdrawing funds for investing in IPO in China. $175 billion of IPOs are lined up this week.
Oil prices rose on Wednesday to hold near 2015 highs, continuing a
month-long rally that was supported by a weaker dollar and a disruption
to crude exports in Libya.
Oil bulls have
pushed prices higher this week, after a rally of between 20 percent and
25 percent in April, despite a continued build in US crude stockpiles
and indications that the OPEC cartel will keep production at current
high levels at a meeting next month.
hit a 2015 high before settling down with U.S. crude on Monday as Saudi
Arabia's plan to halt bombing in Yemen eased tensions