Hedge funds start Feb with lowest stock exposure in yr

Investor expectations on sales growth are likely to contract further in FY20 due to uncertainty on BS-VI norms Analysts say with inventory in India already high and production rising, a sustained rise in steel prices can be challenging

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The smart money is stubbornly refusing to chase the equity rally. While US stocks kept going up, posting their best January in three decades, hedge funds held to their cautious stance, trimming longs while boosting bearish bets along the way. At the...

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