FII positioning

Foreign Institutional Investors (FIIs) continued trimming their bearish bets on index futures, fueling the momentum of the short-covering rally. They started the April series with the long-to-short ratio of 35:65 in

futures and a net open interest (OI) of -49,000 contracts. The short-covering activity marks a significant shift in FII positioning since December 2024. The current net open interest and long-to-short ratio were last seen in December. However, despite this shift toward a more bullish stance, FIIs have still begun the April series with a net short OI and a 35:65 long-to-short ratio.