Foreign portfolio investors (FPIs) have been caught on the wrong foot in the stock markets with their record nearly $3 billion selling in May even as India’s benchmark equity indices Nifty and....
"The reason is that as a group FPIs are subject to the same herding instinct that moves markets. For this reason, I conclude that this extreme positioning in stock futures is actually a bullish signal..." Rohit Srivastava
Read the Full Article here