Retail leveraged bullish bets at a 9-month high

Mumbai: A rule of thumb in stock trading is avoid wagering on borrowed money before a key event. But individual traders have thrown caution to the wind ahead the Union Budget. Bullish bets by retail traders on various stock derivatives as on Friday were the highest in nine months, making them vulnerable to extreme moves.Markets tend to be volatile on the budget day. As derivatives, mainly futures, allow traders to bet on a stock or index