Foreign funds’ bearish bets on index futures, including Nifty contracts, have increased to 85% of their overall positions in the derivatives segment – the highest level since September 2022. Half these punts have been added in the past two weeks – around the time the Hindenburg Research’s adverse report on Adani Group companies was released on January 24.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may