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MARKET EYE-Foreign investors shorting Indian banks-Angel Broking
May 30, 2012 / 10:53 AM / 5 years ago

MARKET EYE-Foreign investors shorting Indian banks-Angel Broking

* Foreign institutional investors have been shorting Indian
banks in futures markets over the past month, according to Angel
Broking.	
* The domestic brokerage says open interest in the NSE banking
index has significantly increased during the last
month, at a time when bank spot prices have been under pressure.	
* The Nifty's banking index has fallen 7.2 percent so far in May
compared to a 5.6 percent fall in the NSE main index 
during the same period.	
	
 (abhishek.vishnoi@thomsonreuters.com)

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