mumbai, April 12 -- Rich and retail investors have turned bearish on index futures, the first time in nearly three months, indicating stocks trading at record levels may be close to a peak as tensions rise in West Asia.
On Wednesday, when the Nifty kissed a fresh high of 22,775.70 points, retail and high-net-worth individual (HNI) investors initiated cumulative bearish bets on these index futures contracts, showed data from the National Stock Exchange Ltd (NSE), which groups both under the 'Client' category. The category turned cumulative net sellers of 16,088 Nifty and Bank Nifty futures contracts, marking a shift 84 days after remaining net buyers of these contracts. Prior to this, the category was net short 53,606 contracts on 16 Januar...