RESEARCH ALERTS: FIIs active in SBI

What is FII-to-FII trading?

FII-to-FII trade means when a stocks hits the FII ceiling set by companies, fresh buying by FIIs are capped.  An FII, however, can always buy from another FII within the overall limit. The special counters (The 6 Lakh Series on the BSE) take care of the inter-FII trades.

Action on Thursday:

FII-to-FII trades generated a volume of Rs 336 crore on the BSE yesterday, which was down 15.84% from the turnover of Rs 400 crore on Wednesday.

The counters witnessed a trading volume of two crore shares in 12 stocks.

As many as 11 stocks were traded at a premium yesterday.

SBI was traded at Rs 998 with 1.11 lakh shares changed hands, and at a premium of over 10% to the cash price.

Bank of Baroda was traded at premium of 4.09% with 958,932 shares changing hands at Rs 229 as against the spot price of Rs 220.

Punjab National Bank was traded at 4.02% premium at Rs 467 (spot price Rs 448.95) with a volume of 1,29,006 shares.
 

FII-TO-FII TRADES
Scrip	FII Close*	FII shares**	Spot Close***	Premium To spot price %
BSE
Rel Cap Vent	23.95	11127925	23.70	1.05
RIL Com Ven	291.00	3255086	290.65	0.12
Bharti Tele-Ven	389.00	2177705	382.65	1.66
Bank of Baroda	229.00	958932	220.00	4.09
Union Bank	126.00	793591	122.05	3.24
ICICI Bank	622.00	684606	601.75	3.37
Rel Energy Ven	44.30	360000	43.55	1.72
Tata Steel	445.00	246184	451.90	-1.53
Punjab Nat Bank	467.00	129006	448.95	4.02
BHEL	2100.00	125132	2092.90	0.34
SBI	998.00	111200	905.90	10.17
Pantaloon Retail	1759.00	5002	1737.80	1.22
NSE
Union Bank	122.50	171787	121.55	0.78
* FII-Close is the closing price of the scrip under FII-to-FII trades ** FII-Shares is the total number of shares traded under the FII-to-FII trades *** Spot close price is the closing price in the cash market