Mid-cap State-run Banks Gain on Fresh Long Positions
Mid-cap state-run banks gained as investors took fresh long positions in equity derivatives. Traders cited inflation data as the key reason.
India's WPI in August eased to 3.74 per cent, its lowest level in nearly five years, government data showed.
Retail inflation edged down slightly in August but core CPI fell sharply by around 50 basis points on month.
Below is a list of mid-cap banks witnessing short covering:
September futures Open Interest Change (shares)
Oriental Bank Of Commerce 472,000
Syndicate Bank 416,000
Andhra Bank 628,000
Allahabad Bank 956,000
Union Bank 646,00
Copyright: Thomson Reuters 2014
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