Prior to the war, the covered stock call outstanding net sale positions of domestic institutional investors (DIIs) rarely exceeded 300,000 contracts, shows NSE data. However, after it began, the outstanding net DII sales have since exceeded 400,000 contracts, rising to as much as 556,084 on 24 March, when the war was at its peak and the Nifty traded down almost 10% month-on-month at 22912. The outstanding sales stood at 433,542 contracts as of last Friday, with the Nifty down one fifth of a percent month-on -month at 23767, NSE data shows.
