Foreigners’ long-short ratio – a measure of the number of their bullish positions versus bearish – in index futures dropped to 58% on Friday from around 81% on September 27. A falling reading of this measure means investors are cutting their bullish bets and increasing their bearish ones.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction