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Published on 28/01/2022 5:49:04 PM | Source: Geojit Financial Services Ltd

Quote on FPI By Dr. V K Vijayakumar, Geojit Financial

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Below is Quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"There are three trends in the market which are important from investors' perspective. One, relentless massive selling by FIIs ( around Rs 33000 cr so far in Jan) is emerging as the strongest headwind to the market in the short run. Two, there is massive churn happening within the Nifty from tech to banking and to a lesser extent to autos. Three, over-valued growth stocks are getting punished and their valuations are slowly getting to realistic levels.

These trends provide opportunities to investors. High quality banking has strong fundamentals and attractive valuations justify nibbling in this space. Mid-cap IT with unjustifiable valuations have more room to correct, but large-cap IT is looking attractive after the recent correction. Long-term investors can nibble at some new age digital companies selectively if they correct by another 5 percent from present levels. Heightened volatility like the present provide opportunities"

 

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