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Business World 01 Jun 2024
1 Jun 2024 ● 09:55 AM
Ab Ki Baar, Nifty 24000 Paar? FPIs Mount The Big Short Ahead Of 2024 Poll Results
Foreign investors hold the largest bearish positions in India's stock market history, with a short 3.18 lakh index futures contracts. A big short covering rally is in the offing if BJP wins majority seats. Satta Bazar predicts BJP's easy win over more than 300 seats
Equity benchmark Nifty index closed at 22,530 on May 31 and is more than 600 points away from a new lifetime high. But Foreign Portfolio Investors (FPIs) are most pessimistic regarding the outcome of India's 2024 national elections. Data shows that at 3.18 lakh contracts, FPIs are holding the largest amount of short positions in...