Quote on FPI By Dr. V K Vijayakumar, Geojit Financial
Below is Quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"As per NSDL data FPIs have net sold equity worth Rs 4177 cr up to 20th January. FPIs started the year with purchases in the initial days of January and suddenly turned sellers during the last few days when the US markets showed a distinct weak trend. Five days of consecutive weak trends in the US has impacted market sentiments. This might have influenced FPIs decision to sell in India, which they consider over-valued.
FPI investment behavior has become highly volatile and inconsistent.
There are no expectations from the budget as far as Foreign Portfolio Investment is concerned. But some announcements regarding the inclusion of India in the global bond index is expected"
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