Poll jitters: Foreigners most short since 2012, FPIs pull out $4 billion in this quarter

Foreign investors are the most pessimistic in over a decade on Indian stocks amid speculation over BJP winning fewer seats in the ongoing national elections than previously estimated. Net short positions – measured as the difference between the number of index futures contracts on which global funds are long to those on which they hold a short position – surged to 213,224 contracts, data compiled by Bloomberg showed.The gap is the widest since data going back to 2012.
The bearish positions in the derivatives market have come at a time when overseas investors have pulled out about $4 billion from local stocks since early April.

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