FII Long Short Ratio and Participant-Wise Open Interest
Daily F&O positions from 2 Jan 2012 to 4 Nov 2026. Updated after each session.
FIIs held 13.6% of their index futures open interest long on 4 Nov 2026 (34,839 long and 2,20,818 short contracts, a long-short ratio of 0.16), at the 7th percentile of 3,638 sessions since 2 Jan 2012. In index futures they are net short for 368 sessions in a row.
The FII long share averaged 12.8% over the last year, 34.1% over five years, 52.1% since 2012. It peaked at 97.6% on 2 Jan 2012 and bottomed at 6.0% on 30 Sep 2025. It was below 20% on 469 of the 3,638 sessions (12.9%) and above 80% on 321 (8.8%).
By Sanjay Mehta, Research lead How we research these reports
Summary
FII index futures long, 4 Nov 2026
13.6%
12.3% the session before
7th percentile since 2012
- Long-short ratio
- 0.16
- long ÷ short contracts
- 1-year average
- 12.8%
- 5-year average
- 34.1%
- Highest
- 97.6%
- 2 Jan 2012
- Lowest
- 6.0%
- 30 Sep 2025
- Sessions net short in a row
- 368
- of 3,638 since 2012
Participant-wise open interest, 4 Nov 2026
Net index futures contracts on 4 Nov 2026: FIIs −1,85,979, DIIs +42,318, proprietary traders −6,132, clients +1,49,793. Every contract has a long and a short side, so the four net figures offset each other.
| Segment | FII | DII | Pro | Client |
|---|---|---|---|---|
| Index futures | −1,85,979 34,839 L · 2,20,818 S · 13.6% long | +42,318 49,347 L · 7,029 S · 87.5% long | −6,132 28,809 L · 34,941 S · 45.2% long | +1,49,793 2,15,941 L · 66,148 S · 76.6% long |
| Stock futures | +10,43,163 36,08,710 L · 25,65,547 S · 58.4% long | −42,07,592 3,03,437 L · 45,11,029 S · 6.3% long | +2,42,729 6,92,625 L · 4,49,896 S · 60.6% long | +29,21,700 31,93,559 L · 2,71,859 S · 92.2% long |
| Index calls | −2,21,977 6,58,190 L · 8,80,167 S · 42.8% long | +13,609 14,283 L · 674 S · 95.5% long | +1,16,463 9,97,210 L · 8,80,747 S · 53.1% long | +91,905 27,05,660 L · 26,13,755 S · 50.9% long |
| Index puts | +4,21,087 10,60,680 L · 6,39,593 S · 62.4% long | +1,13,003 1,13,206 L · 203 S · 99.8% long | −35,860 10,95,026 L · 11,30,886 S · 49.2% long | −4,98,230 26,81,228 L · 31,79,458 S · 45.7% long |
| Stock calls | −78,406 2,36,985 L · 3,15,391 S · 42.9% long | −3,35,330 2,417 L · 3,37,747 S · 0.7% long | −1,23,710 10,57,452 L · 11,81,162 S · 47.2% long | +5,37,446 15,58,693 L · 10,21,247 S · 60.4% long |
| Stock puts | +91,126 3,18,590 L · 2,27,464 S · 58.3% long | +12,445 41,712 L · 29,267 S · 58.8% long | −92,974 8,82,296 L · 9,75,270 S · 47.5% long | −10,597 9,72,958 L · 9,83,555 S · 49.7% long |
| All F&O | +10,69,014 59,17,994 L · 48,48,980 S · 55.0% long | −43,61,547 5,24,402 L · 48,85,949 S · 9.7% long | +1,00,515 47,53,417 L · 46,52,902 S · 50.5% long | +31,92,017 1,13,28,039 L · 81,36,022 S · 58.2% long |
FII long short ratio history
FII long share of index futures, last session of each week, 6 Jan 2012 to 4 Nov 2026.
Latest Nov 26: 13.6%
Index futures, last 20 sessions
Net contracts are long minus short. The four nets on each date add up to zero.
| Date | FII long share | FII long | FII short | FII net | DII net | Pro net | Client net |
|---|---|---|---|---|---|---|---|
| 4 Nov 2026 | 13.6% | 34,839 | 2,20,818 | −1,85,979 | +42,318 | −6,132 | +1,49,793 |
| 3 Nov 2026 | 12.3% | 33,148 | 2,35,905 | −2,02,757 | +43,104 | +6,175 | +1,53,478 |
| 2 Nov 2026 | 10.6% | 31,191 | 2,64,390 | −2,33,199 | +40,972 | +12,777 | +1,79,450 |
| 30 Oct 2026 | 11.1% | 34,437 | 2,75,190 | −2,40,753 | +40,523 | +13,242 | +1,86,988 |
| 29 Oct 2026 | 11.5% | 35,686 | 2,73,709 | −2,38,023 | +40,661 | +4,470 | +1,92,892 |
| 28 Oct 2026 | 11.7% | 35,808 | 2,70,850 | −2,35,042 | +41,188 | −9,166 | +2,03,020 |
| 27 Oct 2026 | 11.7% | 33,588 | 2,54,645 | −2,21,057 | +39,380 | −12,749 | +1,94,426 |
| 26 Oct 2026 | 12.6% | 46,522 | 3,23,627 | −2,77,105 | +40,512 | +29,011 | +2,07,582 |
| 23 Oct 2026 | 10.4% | 36,986 | 3,17,169 | −2,80,183 | +39,380 | +25,495 | +2,15,308 |
| 22 Oct 2026 | 9.9% | 34,703 | 3,15,003 | −2,80,300 | +37,770 | +24,245 | +2,18,285 |
| 21 Oct 2026 | 9.5% | 32,598 | 3,10,226 | −2,77,628 | +37,971 | +15,726 | +2,23,931 |
| 19 Oct 2026 | 10.4% | 36,661 | 3,16,591 | −2,79,930 | +36,854 | +12,285 | +2,30,791 |
| 16 Oct 2026 | 11.3% | 39,966 | 3,12,965 | −2,72,999 | +37,193 | +15,892 | +2,19,914 |
| 15 Oct 2026 | 10.8% | 38,549 | 3,18,376 | −2,79,827 | +36,441 | +24,074 | +2,19,312 |
| 14 Oct 2026 | 9.4% | 34,282 | 3,30,979 | −2,96,697 | +30,022 | +21,317 | +2,45,358 |
| 13 Oct 2026 | 9.8% | 35,416 | 3,24,911 | −2,89,495 | +34,531 | +25,107 | +2,29,857 |
| 12 Oct 2026 | 9.0% | 32,268 | 3,28,128 | −2,95,860 | +34,161 | +18,770 | +2,42,929 |
| 9 Oct 2026 | 9.6% | 34,943 | 3,28,931 | −2,93,988 | +31,930 | +32,535 | +2,29,523 |
| 8 Oct 2026 | 8.5% | 31,583 | 3,38,692 | −3,07,109 | +36,250 | +23,466 | +2,47,393 |
| 7 Oct 2026 | 9.2% | 33,426 | 3,31,711 | −2,98,285 | +33,919 | +18,966 | +2,45,400 |
FII index futures long share by year
Year-end is the last session of each calendar year; average, high and low use every session in that year. Sessions sum to 3,638.
| Year | Year-end | Average | High | Low | Days < 20% | Sessions |
|---|---|---|---|---|---|---|
| 2026 (partial) | 13.6% | 12.9% | 29.2% · 23 Feb 2026 | 7.5% · 9 Jan 2026 | 184 | 207 |
| 2025 | 8.9% | 19.3% | 52.2% · 8 May 2025 | 6.0% · 30 Sep 2025 | 171 | 248 |
| 2024 | 13.7% | 46.9% | 83.8% · 5 Jul 2024 | 12.7% · 4 Jun 2024 | 9 | 246 |
| 2023 | 69.5% | 40.5% | 73.0% · 6 Jul 2023 | 7.8% · 22 Mar 2023 | 48 | 245 |
| 2022 | 50.4% | 43.2% | 76.6% · 24 Nov 2022 | 10.9% · 14 Jun 2022 | 29 | 248 |
| 2021 | 67.9% | 64.1% | 88.9% · 27 May 2021 | 40.2% · 12 May 2021 | 0 | 248 |
| 2020 | 75.6% | 51.4% | 82.1% · 27 Nov 2020 | 12.4% · 28 Feb 2020 | 19 | 250 |
| 2019 | 54.7% | 48.5% | 75.5% · 25 Apr 2019 | 18.0% · 5 Sep 2019 | 2 | 243 |
| 2018 | 52.7% | 46.5% | 79.8% · 25 Jan 2018 | 17.2% · 3 Apr 2018 | 7 | 243 |
| 2017 | 73.4% | 67.8% | 86.3% · 5 Jun 2017 | 48.9% · 16 Nov 2017 | 0 | 246 |
| 2016 | 69.2% | 68.0% | 91.7% · 31 Aug 2016 | 30.9% · 28 Jan 2016 | 0 | 243 |
| 2015 | 47.7% | 67.4% | 90.2% · 3 Mar 2015 | 39.5% · 17 Dec 2015 | 0 | 241 |
| 2014 | 88.7% | 71.5% | 93.6% · 28 Nov 2014 | 49.4% · 8 Aug 2014 | 0 | 242 |
| 2013 | 80.8% | 64.4% | 89.9% · 1 Nov 2013 | 32.0% · 8 Apr 2013 | 0 | 245 |
| 2012 | 83.5% | 63.4% | 97.6% · 2 Jan 2012 | 27.0% · 4 Jun 2012 | 0 | 243 |
What participant-wise open interest shows
NSE publishes participant-wise open interest after every F&O session. It splits the open long and short contracts in index futures, stock futures, index options and stock options among four categories: foreign institutional investors (FII, also reported as FPI), domestic institutional investors (DII, such as mutual funds and insurers), proprietary traders (Pro, brokers trading their own money) and clients (everyone else, mostly retail and non-institutional accounts).
The FII long-short ratio most often quoted is the FII share of long contracts in index futures: long contracts divided by long plus short. A reading of 50% means FIIs hold as many long as short index futures; 25% means one long contract for every three short. Some sources quote long divided by short instead, shown here as the long-short ratio.
A short futures position is not necessarily a view that the market will fall. Foreign investors often hold Indian shares and use index futures to hedge them, and positions roll over around each monthly expiry. History gives a reading context, not a verdict.
Methodology
- Participant-wise open interest in NSE equity derivatives as published by NSE after each session, 2 Jan 2012 to 4 Nov 2026: 3,638 sessions. Counts are contracts, not rupee values.
- FII long share: FII long index futures contracts as a percentage of FII long plus short index futures contracts. Long-short ratio: long divided by short. Net: long minus short.
- Percentile: the share of all stored sessions with a long share at or below the latest one. Averages are simple means of daily readings over the trailing 1 and 5 years and the full history.
- Yearly table: the last reading of each calendar year and that year's average, highest and lowest reading. 2026 is shown year to date.
- The chart plots the last reading of each week. Updated after each F&O session.
Data as of 4 Nov 2026. Historical derivatives positioning data for research and information only. Not investment advice, and not a forecast: a futures position can hedge holdings elsewhere, so it does not show what any participant expects. Markdown version.