Quote on FPI: FPI buying is unlikely to turn very aggressive, going forward Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on FPI 19 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPI buying has picked up smartly in November following the flat FPI activity in October. According to NSDL data the total FPI buying in November till 18th is Rs 30384 crores. FPI buying in IT which started picking up in the second half of October has gathered momentum in November. FPIs have been buying in autos and telecom, too.
FPI buying is unlikely to turn very aggressive, going forward. High valuations in India are a headwind. Valuations in markets like China, S Korea and Taiwan are very attractive now. So, more FPI money is likely to move to these markets."
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