FIIs have covered 65k short contracts in the last 10 trading sessions of trading. Their net position stand at 7k net long contracts.

Insight: We have mentioned FIIs unwinding their short bets on the index futures  segment. They have been decreasing their short bets in both stock futures as well as index futures. After yesterday's data, FIIs net position is now in bullish territory, their net long exposure now stands at 52% i.e. they have turned net long on index futures. In stock futures as well they are net long.

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