RESEARCH ALERT: FIIs zero in on 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.

What happened on Friday?

Trading between FIIs to FIIs increased to 15 stocks on Friday from 12 on Thursday. Around 1.73 crore shares, valued at Rs 262 crore, changed hands with Reliance Capital Ventures, Reliance Natural Resources, Bharti Tele-Ventures, Reliance Energy Ventures and SBI attracting premium to their spot prices.

SBI, which is in the news for the proposed stock split, was hot in the FIIs-to-FIIs segment. SBI was traded at a premium of 13.24% with 20,000 shares traded at Rs 1,042 when compared to the spot close of Rs 920.15.

BoB was traded at a premium of 4.26% with 3,68,389 shares changing hands at Rs 233.50 as against the spot price of Rs 223.95.

Union Bank was traded at 3.65% premium at Rs 125 (spot price Rs 120.60) with a volume of 2,91,510 shares.
 

FII-TO-FII TRADES
Scrip	FII Close*	FII shares#	Spot Close@	Premium To spot price %
BSE
Rel Cap Vent	24.60	4228132	24.25	1.44
Rel Nat Resou	31.90	4200000	31.20	2.24
Bharti Tele-Ven	390.00	2552357	384.45	1.44
Rel Energy Ven	44.50	2285548	44.15	0.79
Oriental Bank	250.00	1175000	243.05	2.86
RIL Com Ven	301.00	829656	300.25	0.25
Rico Auto	83.75	563184	82.20	1.89
ICICI Bank	620.00	469332	612.90	1.16
Bank of Baroda	233.50	368389	223.95	4.26
Union Bank	125.00	291510	120.60	3.65
HPCL	325.00	203963	322.15	0.88
Voltas	1000.00	78838	984.35	1.59
BHEL	2135.00	31300	2127.00	0.38
SBI	1042.00	20000	920.15	13.24
Pantaloon Retai	1775.00	19704	1717.35	3.36
NSE
SBI	1042.00	1306000	920.35	13.22
Union Bank	121.85	110713	120.60	1.04
* 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