The latest in FII troubles for India Inc is that the $1-2 bln odd that has come in has been found to be patterned on coming results season for a play starting 30-40 days before results announcement and exiting 3-5 days before results. ICICI Bank is a case in point today for example. But then the SEBI investigation will yield more pertinent data.

FII clubbing is a deletirious feature they have not even tried to curb, and we face it when live in the trading room everyday. In fact some good practices ground in the same gentlemen's club kind of action may be resisted more by market "operators a" and set up many an unequal battle in the ring but WITH RETAIL UNWILLING TO SPONSOR ANY KIND OF INVESTING RIGHT NOW, the markets are a transparent cornucopia of malfeasance from hawkish clubs where in trading it becomes dfficult to discern any line between a good trade and bad trade except when you can take cash to the bank.

Thus when FIIs get together for an idea arbitrage opp, it sticks out like a sore thumb

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