FPIs flash renewed India comeback signal

BLOOMBERG DATASHOW that in January this year, the open interest of short contracts hit 445,114—the highest since September 2015.

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At the end of Thursday’s session, it was 70% down at 138,858.

In the cash market also, FPI activity has been positive for 11 out of the 19 sessions in October. On Tuesday, they invested more than 10,000 crore.Osho Krishan, chief manager of technical and derivatives research at Angel One attributed this to the heavyweights starting to show momentum. According to Srivastava, this is being driven by improvement in emerging market flows.