Quote on FPI : FPIs invested Rs 43838 crores in India through stock exchanges and the primary market Says Dr. V K Vijayakumar, Geojit Financial Services
Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
In May, globally, FPIs were big buyers in Japan, South Korea, Taiwan and India and big sellers in China. This trend continues in June also.
In May FPIs invested Rs 43838 crores in India through stock exchanges and the primary market (Source: NSDL) FPIs invested in financials, autos, auto components, capital goods and FMCG. They were big buyers in financials and autos. Selling was low but was focused on IT and metals.
Sustained buying by FPIs has lifted the Nifty by around 10% from the March lows and consequently, valuations, viewed from the short term perspective, have become challenging. Therefore, FPI are likely to slowdown in the coming days. They are likely to continue buying in financials and autos since the prospects of these sectors look promising.
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