FPIs continued to sell in October Says Dr. V K Vijayakumar, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/bb71dcb5ab91eb46e50e1b6882403f7a.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPIs continued to sell in October. As per NSDL data FPIs have net sold equity worth Rs 7457 crores till 15th October taking their net equity selling to Rs 176246 crores so far in CY 2022. An important trend in FPI selling is that whenever they sell continuously the selling is large in financials and IT which form the largest chunk of FPI holding. This trend is evident now also. FPIs have been selling in oil& gas and metals too since these segments too will be impacted by a global economic slowdown. The major trigger for FPI selling is the sustained rise in the dollar and expectations that the dollar will continue to remain strong in the current global macro construct. A reversal in FPI selling will happen when the dollar shows indications of peaking and reversing."
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TechMahindra23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/powersector25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fsdkfjeljweoir.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalasitharaman230717.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_9477.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/global29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar 30.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f6904419b2f1cb985436195010d0ee3d.jpg)
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
![Morning Market Quote :In spite of this net institutional selling Nifty is up by 434 points for the month so far Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/d04a18db325c9705186bbe1f1e7e84e6.jpg)
![Quote on the Impact on sectors ahead of G20 Summit 2023 from Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/85c397d2a314597b8ca2248ac54a6e69.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/11/bf3984bb2b42c916a06b78be654c9709.jpg)
Daily Market Analysis : Markets ended almost unchanged amid volatility Says Mr. Ajit Mishra,...
![Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)
![There are clear indications of a sharp turnaround in the global economy By V K Vijayakumar, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/04/8a7edc735aa42d111bf2e974fa759973.jpg)
![Daily Market Commentary : Domestic equities closed positively for the second consecutive day led by positive global and domestic cues Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/b5d3bff496c5ee97dabca7eef1740d8a.jpg)