Quote on FPI: FPIs turned strong buyers in November consistently buying financials Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on FPI 02 December 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPIs turned strong buyers in November consistently buying financials, IT, autos, FMCG, capital goods and telecom. They were sellers in financials in October, but were buyers in November. There is no consistency in their sectoral selling strategy. In the short run the most important factor determining FPI strategy is the movement in the dollar index. When the dollar index moves up and is expected to trend up, they sell. Conversely when the dollar index declines and is expected to trend down, they buy. Going forward, India will get its fair share of FPI money. But the high valuation in India will be a deterrent"
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
