FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities

FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities

Ahead of the much-anticipated outcome of the Lok Sabha election results, the FII long-short ratio stands at a multi-year high of 87% shorts in the index futures, coupled with heavy selling in the cash market. On the other hand, retail investors are holding highly leveraged long positions. “Both these factors are a bit scary. That … Read more

Railway stocks jump up to 11%; RailTel, Ircon top gainers

Railway stocks jump up to 11%; RailTel, Ircon top gainers

Extending the winning run of the last trading session, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India rallied up to 11% on Thursday.Among these PSU railway stocks, RailTel Corporation was the top gainer, rising 11.4% to Rs 442 … Read more