01-01-1970 12:00 AM | Source: Geojit Financial Services
Quote on FPI: FPI investment is showing a distinctly positive trend in November says Dr. V K Vijayakumar, Geojit Financial Services

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Quote on FPI 26 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"FPI investment is showing a distinctly positive trend in November. FPIs have been buyers in financial services, IT, autos and capital goods. As per NSDL data FPIs have bought equity worth Rs 31630 crores till November 25th. FPIs are unlikely to be major sellers, going forward since their earlier policy of continuous selling in banking has cost them heavily. When FPIs were sellers earlier, DIIs were buyers and they gained from the FPI policy of sustained selling. FPIs were selling earlier ( total selling in equity in 2022 is Rs 137166 crores till November 25th) since dollar was continuously rising. Now the market construct in  the US has changed to “ rising equity, falling yields and falling dollar “. This is favourable for the continuation of FPI flows, going forward."

 

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