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Quote on FPI by Dr. V K Vijayakumar, Geojit Financial
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Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"In February FPIs sold equity worth Rs 45720 crores through the stock exchanges. This selling spree continues in March with a selling of Rs 14734 cr in March up to 4th. This month FPIs have been sellers in debt too, to the tune of Rs 2508 cr triggered by the depreciating rupee.
Inspite of a correction of around 13 % from the peak in Nifty, the FPIs continue to sell since market sentiments have been impacted globally by the uncertainty triggered by the war and the surge in crude. In February FPI selling of Rs 45720 cr has been matched by DII buying of Rs 42084 cr preventing a major crash in the market. There is a tug of war going on between FPIs and DIIs"
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