News Snapshot:
Foreign portfolio investors (FPIs) have flipped their bullish derivatives bets to bearish ones over just two trading sessions. This swift change of view raises fears of a deeper retracement from the markets’ recent peak. In these past two sessions, FIIs sold ₹20,384.2 crore of cash shares, turning net sellers of ₹3,852 crore so far this month. The National Stock Exchange’s Nifty marked a life high of 22,124.15 points on Tuesday, when FPIs held a cumulative net bullish position of 79,599 contracts in index futures (Nifty and Bank Nifty). However, they unwound all their bullish bets and turned net short by...
