What April’s FII rollover data of Nifty and sectoral indices indicates for the May series in the markets-

By Anand James

At 83%, Nifty’s roll over in April was which is greater than the three month average while Banknifty rollover at 79% was less than the same metric. The number of stock futures that moved up last month was greater than the average of previous three months.

FIIs hold 22% of market wide Index long position and 38% of the FIIs position in Index Futures segment were longs compared to overall FIIs position in the Index Futures. Highest rolls were seen in Chemical, Cement, realty, Auto, consumer durable and healthcare and among these sectors Cement, Auto and healthcare has a rollover greater than average of previous three months.

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