Quote on FPI 07th January 2022 by Dr. VK Vijayakumar, Geojit Financial Services
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Below is quote on FPI 07th January 2022 By Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPIs reversed their selling spree during October - December 2021 and bought equity worth Rs 4901 cr for the first 4 straight sessions in January but they again turned sellers on 7th January. A consistent pattern in FPI investment in January is yet to emerge.
A major concern of FPIs is the tightening monetary stance in the US with the 10-year US bond yield rising above 1.7%. Rising bond yields in the US can trigger selling in emerging markets. Since Indian market is resilient and retail and DII flows are strong FPIs are unlikely to press sales unless the market rises sharply"
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