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​In Tuesdays trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not.

Recently, the central bank issued conditions for voluntary transition of small-finance banks (SFBs) to a universal bank structure

Minda Corporation Ltd and Mankind Pharma Ltd were two companies where both mutual funds and FPIs upped stakes. MFs upped stake in Mankind Pharma by 102 basis points to 8.57 per cent from 7.55 per cent sequentially.

AU Small Finance Bank said the credit environment continued to remain buoyant during the quarter supported by strong on-ground activity with sustained uptick in demand across businesses.

At Thursday's closing of Rs 622.90, the stock is off 23.38 per cent from its 52-week high of Rs 813 hit on January 8.

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Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up.

HDFC Bank plunged 7.91 per cent to Rs 1,546.10. YES Bank shares tanked 3.54 per cent to Rs 24.76. City Union Bank fell 3.39 per cent to Rs 145.15. RBL Bank was down 3.35 per cent to Rs 283.75.

As the markets enter the results season, market participants will keenly watch the quarterly performance of the companies. This may also decide the future direction of the market.

India Business News: AU Small Finance Bank expects to close the year with Rs 1 lakh crore of deposits should the announced merger with Fincare Small Finance Bank go throug