FPIs continued to sell in October Says Dr. V K Vijayakumar, Geojit Financial Services
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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."
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
