Infosys, SBI see highest short covering among Nifty stocks in September series

The just concluded September series saw 14 Nifty50 stocks witnessing short covering led by Infosys, as foreign institutional investors (FIIs) preferred to take short bets on the index and single stock futures (SSF), revealed a Nuvama report.

FIIs net shorts stood at 144,000 contracts at the end of the September series versus 142,000 contracts at the start of the series. As for the client category, the HNIs and retail investors added meaningful longs in the index while increasing their long positions in SSF. Their net longs in SSFs stood at 1,451,000 contracts, up by 97,000 contracts, versus 1,354,000 long contracts at the start of the September series.