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
Ayodhya: Man dressed as Lord Ram steals the show at ...
.jpg)
UP CM Yogi Adityanath performs aarti of Ramayana art...
Auto & Auto Ancillaries Sector Update : Yet another ...
Smaller cities propel online Diwali shopping boom
Ejipura flyover push earns Kiran Shaw Mazumdar?s adm...
Ayurveda offers natural ways to prevent Osteoporosis...
CPI Inflation : Food deflation-led low; Oct to see s...
Reduce Hyundai Motor India Ltd For Target Rs. 2,023 ...
Hold HDFC Asset Management Company Ltd For Target Rs...
Add Infosys Ltd For Target Rs. 1,575 By InCred Equities
More News
Quote MoD inks INR 62,370 Cr order with HAL for 97 LCA Mk-1A by Putta Ravi Kumar Analyst ? D...
Comment on SEBI cautioning platforms facilitating transactions in unlisted securities by Makarand M Joshi, Founder MMJC and Ass...
Quote on Tuhin Kanta Pandey being appointed as SEBI`s new chairperson by Dr. Manoranjan Sharma, Infomerics Ratings
Comment on SEBI proposing to allow automatic trading window closure for immediate relatives of designated persons by Makarand M...