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Quote on FPI 12 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"In October FPI investment was almost flat with a small sell figure of Rs 8 crores. FPIs were sellers in the first half of the month but turned buyers in the second half ending with a flat net figure. There is a major change in the FPI activity in November. According to NSDL data FPIs have bought equity worth Rs 18979 crores in November. In fact, they were buyers in all trading days of the month till 11th. There is a clear change in the approach of FPIs since they bought even when the dollar and US bond yields were rising. Now the situation has changed to be more favourable. Since inflation in the US is showing a moderating trend, dollar and US bond yields are declining. This means FPIs are likely to buy more in the coming days. Also, India has the best earnings growth outlook among large economies. However, valuations are getting stretched."

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