After close observation of the above two tables, it is clear that FIIs had strong Long Position in Nifty Future Rs. 9674.37 Cr. @ 7402.72 Nifty Spot Level in 2014.
But Till 07th Jan 2015 FIIs have booked profit in their 33% long position which is Rs. -3214.98 Cr. @ 8309.45 Nifty Spot Level. Currently Nifty Spot is @ 8102.10 as closed on 07th Jan 2015. Means to say FIIs booked +906.73 Points in their 33% long position. As the major concern was Euro zone crisis.
Let's have a look on FIIs in Indian Market from Euro zone:
SR.
NO
|
COUNTRY
NAME
|
FIIs
IN INDIA
|
1
|
FRANCE
|
25
|
2
|
IRELAND
|
62
|
3
|
NETHERLANDS
|
30
|
4
|
LUXEMBOURG
|
121
|
5
|
TURKEY
|
1
|
6
|
ITALY
|
8
|
7
|
GERMANY
|
17
|
8
|
CYPRUS
|
1
|
9
|
DENMARK
|
22
|
10
|
BELGIUM
|
2
|
11
|
SWITZERLAND
|
25
|
12
|
SWEDEN
|
11
|
13
|
ESTONIA
|
1
|
14
|
SPAIN
|
3
|
15
|
REPUBLIC
OF MALTA
|
1
|
16
|
AUSTRIA
|
8
|
17
|
NORWAY
|
11
|
FIIs
FROM EURO ZONE
|
349
|
|
OTHERS
COUNTRIES
|
1405
|
|
TOTAL
FIIs IN INDIA
|
1754
|
|
%
OF EURO ZONE FIIs
|
19.89%
|
Angela Merkel's government may be trying to dampen down any talk of a "Grexit" but the possibility that Greece could quit the eurozone still continues to grip the markets.
At the height of the Greek crisis in 2010-11, a Grexit was deemed unthinkably painful, not least because French and German banks held billions in Greek sovereign bonds.
But what would a Grexit following Greece's snap general election on January 25 mean for the remainder of the currency bloc now?
The six European banks ( from France and Germany) - BNP Paribas, Credit Agricole, Natixis, Société Générale, Deutsche Bank and Commerzbank - have about 5 billion euros ($6 billion) of loans out to Greek clients.
Credit Agricole SA (ACA) of France has the highest at 3.5 billion euros, mostly corporate loans
Means to say, if we see on overall basis then France, Germany and Italy are having major exposure in Greece and there are 349 FIIs from 17 countries in Euro zone out of 1754 FIIs from 47 countries.
So, it is clear that there 20% FIIs are from Euro zone in India Market and FIIs are from France is 25, from Germany is 17 and from Italy is 8. Major exposure is of Luxembourg - 121 FIIs from this country. Whatever we have seen major selling in cash segment Rs. -1570.76 Cr. on 06th Jan 2015 and Rs. -1073.18 Cr. on 07th Jan 2015 & Selling in Index Futures Rs. -2817.44 Cr on 6th Jan 2015 and Rs. -216.92 Cr. on 07th Jan 2015, it can be from FIIs of France and Germany.
If concern from eurozone deeper then we can see more selling in market because Germany and France will be affected on major basis and there 25 FIIs from Germany and 17 FIIs are from France. But it will be buying opportunity becuase if you see from last two days DIIs are buying in cash segment - Rs. +1189.65 Cr on 06th Jan 2015 and Rs. +601.40 Cr. on 07th Jan 2015.
