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Below is Quote On Morning Market 15 April 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The FPI trend has suddenly changed for the better in April. FPIs were buyers in all days of April so far having bought equity for Rs 7531 crores, NSDL. India has been one of the best investment destinations for FPIs among emerging markets in April so far., The correlation between FPI and the market has become very significant. FPIs were continuous buyers in the market during the last ten trading days and the market posted continuous gains during the last nine trading days. FPI buying and short covering are driving the current rally. Global market construct has also been positive., FPIs are buyers in capital goods, construction and FMCG and sellers in IT and oil and gas., IT is likely to witness more selling in the coming days since the growth prospects for the segment appears weak an indicated from the Q4 results of TCS and Infosys. Capital goods, financials and construction related segments are likely to witness more buying as indicated

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