Retail and HNI investors turned cumulative net sellers of 16,088 Nifty and Bank Nifty futures contracts, marking a shift 84 days after remaining net buyers of these contracts.
On the stock futures front, FIIs have bought to the tune of 13637 contracts, while on the Options Front, FIIs bought 167901 call contracts and 162395 Put Option contracts.
The Nifty Bank rose 256 points to close at 48,986. It hit a record high of 49,057 in intra-day trade today. The Nifty50 also hit a fresh record high of 22,775. Traders are advised to stick to a ‘buy on dips approach as the trend remains to be on the upside, suggest experts.