FIIs, HNIs remain bearish on Bank Nifty

Mumbai: Foreign institutions and some rich investors covered a sizeable portion of their cumulative bearish bets on Bank Nifty futures on April 1, driving the active index futures contract up 2 per cent, but its underperformance to the broader Nifty could continue until these market constituents desist from adding fresh longs on the index. Analysts attribute the Bank Nifty underperformance to FII and a lesser extent to HNI shorting amid