Reported 4 months ago
Global investors have raised their equity derivative holdings in India to a record high just days before the country's elections end, indicating growing confidence in the likely outcome. Foreign funds' open interest reached 8.4 trillion rupees ($101 billion) on the National Stock Exchange, coinciding with a shift to net buyers of local shares in the cash market and a bullish turn in index futures positioning. Market participants anticipate further developments after the elections end on June 1.
Source: YAHOO