Indian market mavens make contra call on Iran war impact

The Nifty fell 1.25% to 25178.65 on Friday, after FIIs net sold Indian shares worth a provisional 7,536 crore, and increased net derivatives hedges by 3,583 crore to offset the risk of a fall on Monday. Of the 3,583 crore of extra index futures shorted on Friday, Nifty shorts accounted for 3,117 crore, with Bank Nifty accounting for the bulk of the remainder.


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