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Foreign investors shorting Indian banks: Angel Broking
May 30, 2012 / 11:23 AM / 6 years ago

Foreign investors shorting Indian banks: Angel Broking

Reuters Market Eye - Foreign institutional investors have been shorting Indian banks in futures markets over the past month, according to Angel Broking.

Kashmiri people perform transactions at a bank in Srinagar August 19, 2008. REUTERS/Fayaz Kabli

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 Nifty during the same period.

abhishek.vishnoi@thomsonreuters.com

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