Quote on FPI : FPIs have invested Rs 136351 crores in India 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
FPI’s sustained buying continues in July. During the last three months, from May 1st through 28th July, FPIs have invested Rs 136351 crores in India. In July through 28th FPIs have invested in equity for Rs 45365 crores. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the last two trading days.
An important feature of FPI investment is that their buy/sell strategy is influenced by external factors like dollar index, US bond yields and global market trends, apart from domestic fundamentals. This is the reason why FPIs, during the last three months, have been buying the same financial stocks which they have been selling in the first three months of 2023.
Financials, automobiles, capital goods, real estate and FMCG continue to attract bulk of FPI investment.
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
