FII-to-FII Trades: SBI premium moves up to 15%

What is FII-to-FII trading?

FII-to-FII trade means when a stock 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.

What happened yesterday?

As many as 14 stocks in which the maximum FII ceiling have been hit
witnessed trades of 81 lakh shares yesterday. The trades generated a volume of Rs 315 crore on the BSE - up 36% from the turnover of Rs 232 crore on Friday.

The premium for SBI increased to 15.20% with a single trade of 10 lakh shares done at Rs 1,070 when compared with the spot close of Rs 928.85.

Rico Auto was traded at a premium of 4.26% at Rs 84.50 as against the spot price of Rs 81.05 with 1,39,000 shares changing hands.

ICICI Bank was traded at 3.63% premium at Rs 625 (spot price Rs 603.10) with a volume of 505,504 shares.

Pantaloon Retail was traded at a discount of 8.42% at Rs 1,800 (cash price of Rs 1965.50) with 8300 shares traded yesterday.
 

FII-TO-FII TRADES
Scrip	FII Close*	FII shares#	Spot Close@	Premium To spot price %
BSE
SBI	1070.00	1000000	928.85	15.20
Rico Auto	84.50	139000	81.05	4.26
ICICI Bank	625.00	505504	603.10	3.63
Union Bank	127.50	766367	123.75	3.03
BOB	232.00	181666	225.50	2.88
PNB	470.00	60000	458.85	2.43
Tisco	470.00	648225	460.00	2.17
Rel Cap Vent	25.40	2015897	25.00	1.60
HPCL	326.50	325751	322.10	1.37
Bharti Tele-Ven	392.95	1669346	388.20	1.22
BHEL	2140.00	111050	2119.55	0.96
RIL Com Ven	321.00	661345	318.10	0.91
Rel Nat Resou	34.30	2980	34.30	-
Pantaloon Retail	1800.00	8300	1965.50	-8.42
* 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