2024-08-10 03:52:13 pm | Source: Geojit Financial Services Ltd
Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Below the Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Globally stock markets witnessed a sharp correction for the week ended 9th August. The correction was triggered by the unwinding of the yen carry trade and recession fears in the US. FIIs resorted to big selling in the cash market. The selling in the cash market amounted to Rs 19544 crores in the first 4 days on the week. But on Friday when the market stabilised FIIs tuned buyers, though for a limited amount of Rs 406 crores.
For the fortnight ending 31st July, FIIs were sustained sellers in financial services. This partly explains the weakness in financial services segment in the market now. FIIs, during this period, were buyers in IT, autos, capital goods and metals.
Going forward, if the market continues to rise, FIIs are likely to press more sales since Indian stock valuations continue to remain elevated, particularly in relation to valuations in other markets."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India, Canada to unlock new opportunities, deepen ti...
.jpg)
Budget Expectation Quote on Real Estate from Sripad ...
HDFC Bank clocks over 12 pc rise in Q3 net profit
India ranks second globally in use of Claude.ai, lar...
.jpg)
Quote on FII flows 17.01.2026 from Dr. VK Vijayakuma...
4-day `Wings India 2026` to display future of global...
Quote on?Weekly Note Jan 17 by Mr. Ajit Mishra - SVP...
Quote on Weekly market outlook 16th January 2026 fro...
ICICI Bank`s Q3 profit falls to Rs 12,537.98 crore, ...
Indian households add Rs 117 lakh crore in 2025 as g...
More News
Quote on?FPI-FII details by Shrikant Chouhan, Head Equity Research, Kotak Securities
PM Narendra Modi-Donald Trump Meeting, RBI Policies, and Capex : Key Drivers for Indian Markets by Dr. Vikas Gupta, OmniScience...
Quote on Defence Stocks by Mr. Sankhanath Bandyopadhyay, Economist at Infomerics Valuation and Ratings Ltd
Quote on FPI Progress in Febuary Trend inputs by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Serv...