Daily Derivatives Report – 10 May 2021

Nifty futures closed positive with a gain of 0.82% at 14,991 level. A hoard of capital intensive and power sector companies carried the FnO market upwards whereas private banks big-wigs, chemical and IT giants pulled down the market with almost equal contribution. After pulling out Rs. 9,659 crore in April and Rs. 5,936 crore in the first week of May, FIIs were the Net Sellers in Index Futures at Rs. 322.09 cr however, they are the Net Buyers in the Index Options at Rs. 2,621.61 cr, keeping up with the trend kicked off in April. Thanks to domestic and retail investors’ belief, the market has maintained an upward trend despite FII/FPIs being net sellers in the previous week.