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Quote on FPI : FPIs have been consistent buyers only in capital goods Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on FPI 18 March 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
FPIs have invested a total amount of Rs 11344 crores till 18th March. This includes the bulk investment of Rs 15446 crores by GQG in Adani stocks. So, net of the bulk deals the FPI is negative. For 2023, so far, FPIs have sold equity for Rs 23283 crores (NSDL). FPIs have been consistent buyers only in capital goods. In financial services they have been alternating between buying and selling in different fortnights. Since risk off is the dominant market mood now following the bank failures in the US and fears of contagion, FPIs are unlikely to turn buyers in the near-term.
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