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Street scales 13-month high as index heavyweights fire
Mint Chennai
|November 21, 2025
November, showed NSDL data. As of Thursday, FPIs' cumulative net short index futures stood at 165,565 contracts. Covering a part of these can also take the Nifty and Sensex to new highs.
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Saurabh Mukherjea, chief investment officer and co-founder at Marcellus Investment Managers, is cautiously optimistic. Though he expects things to improve, he thinks it is too early to get carried away. The December earnings season will be the real moment of truth, especially with markets betting on a return to double-digit growth after nearly 10 dull quarters, he said. If earnings don't reflect the benefits of the GST cuts, “the mood could sour quickly,” he warned.
This story is from the November 21, 2025 edition of Mint Chennai.
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