Street signs: Market fortunes, IFSC's grand welcome, corporate truth serum

India Inc enters a new era of rumour verification this week. The top 100 listed companies are now mandated to confirm, deny, or clarify information reported in the media

Market fortunes: Short squeeze looms large

With most polls predicting over 350 seats for the Bharatiya Janata Party-led National Democratic Alliance government, the markets are likely to rejoice. Analysts expect the indices to receive a further boost due to short-covering by foreign portfolio investors (FPIs), triggered by the exit polls and encouraging consumer spending data from the US. “FPIs are at historically high index shorts at about $2.8 billion, which, in a way, serves as a hedge for their single stock futures longs of $4.7 billion. With the exit polls hinting at strong numbers for the ruling government, Monday and