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The double whammy of shorts rollover and FIIs’ falling long positions amidst a slew of key events including the Reserve Bank of India's monetary policy meeting, the MSCI rejig and July-September earnings paints the picture of a volatile October for Nifty.
2. Export Inspections of Corn and Wheat Rise Week-to-Week Inspections of corn and wheat for overseas delivery rose last week while soybean assessments declined, according to the USDA. Corn inspections in the seven days that ended on January 21 were reported at 1.39 million metric tons, up from 914,880 tons examined during the previous week, the agency said in a report. That’s also more than double the 680,459 metric tons assessed during the same week last year. Wheat assessments came in at 523,901 metric tons last week, up from 282,627 tons a week earlier, government data show. The tot...