By Ruchit Jain Domestic stock markets witnessed a sharp rally in the August Futures & Options series and posted gains of over 10 per cent to end above 17500. If we glance at recent historical data after a sharp sell-off in May and June series markets have witnessed some pullback move in the July series which was mainly due to short covering while long formations led to sharp surge in the August series. Also Read: IDBI Bank CEO Rakesh Sharma says lender can recover $2.4 billion in bad loans Foreign Institutional Investors (FII) were long in index futures to the …
