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Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

An important trend in the market this month is the sustained selling by FIIs. FIIs sold for the 16th straight trading session taking the total sell figure to Rs 23887 crores.  FIIs are selling in India and moving money to cheaper markets like China, Hong Kong and South Korea where valuations are much lower. In 2022 FIIs were selling in China. This trend has changed to long China and short India. This trend may continue for a few more days. Since DIIs and retail investors are buyers and are keen to buy the dips, the FII selling is unlikely to lead to a sharp correction in the market even though the market appears weak for the near-term. CPI inflation falling to 5.72% in December and IIP spurting to 7.1% in November are positive macros which can provide fundamental support to the bulls.

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