FPIs slash bearish derivatives positions

The ratio rose to 0.47 on Friday from 0.21-0.23 in the week before last, according to data from Axis Securities. The reading had been low – mostly in the range of 0.12 to 0.22 – in the past five months as foreigners had been maintaining bearish futures bets at near-record levels in the period, while simultaneously pruning their shareholdings.

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