Nifty futures saw rollovers of 69% compared to average of 66% in last three expiries.
With Wednesday's decline, Nifty has fallen below its 100-day simple moving average.
FIIs selling index call options in current and October series, and buying put options.
Traders are playing it safe, taking no risks in the portfolio as markets correct.
Rally in emerging markets was based on a weakening dollar and rebound in commodity prices among others.
The outflows exceeded those from major EMs such as South Korea, Taiwan, Indonesia.
Three of the four catalysts for emerging markets’ outperformance are falling by the wayside.
Shekhar Sambhshivan said that India is being immune to geopolitical risks as it has developed economic resilience over time and it should become more resilient to global shocks as the economy strengthens.
"I don't think one should co-relate North Korea tensions with outflows from India"
Money managers believe earnings recovery will be the top factor to watch out for.
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