Business

FPIs up bearish bets amid Fed rate call doubts

By Dan Neff

The reduction in bullish bets by overseas investors has pushed down the long-short ratio for FPIs on the Nifty to 0.38, compared with a long-term average of 1.19.

Synopsis

Bloomberg data showed the 20-day rolling average of net long contracts on the Nifty futures dropped to a multi-month low of 40,314 in the first half of February 2023, while their net short contracts climbed to 105,943-the highest since November 2022. Long-term average of net long contracts on a 20-day rolling basis is around 69,741 lakh contracts and it has been consistently coming down since December 2022.

ET Intelligence Group: Overseas investors have lately raised their bearish wagers on Indian derivatives and sold financial stocks in the cash market, reflecting increasing lack of clarity on the much-anticipated end to the current cycle of rate hardening by the US Federal Reserve.Bloomberg data showed the 20-day rolling average of net long contracts on the Nifty futures dropped to a multi-month low of 40,314 in the first half of February 2023,

BY

ET Bureau

2 mins read, Last Updated:

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Dan Neff