Quote on FPI: Stocks in which FPI holding is steadily rising are showing resilience even during market weakness Says Dr. V K Vijayakumar, Geojit Financial Services
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Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
FPIs turned buyers in April with net buy of stocks worth Rs 6948 crores till 21st April. (NSDL data)
During the fortnight ending 15th April FPIs heavily bought financial stocks for Rs 4410 crores. They were also buyers in automobiles and capital goods.
There were huge delivery volumes in stocks like HDFC Bank, HDFC and Tata Motors. It can be safely assumed that bulk of this delivery buying was done by FPIs. FPIs have also increased their holding in ITC.
Stocks in which FPI holding is steadily rising are showing resilience even during market weakness. The only exception is IT stocks which also saw FPI buying, though marginal, in the first fortnight of April
FPI inflows are likely to remain stable, going forward. Financials will continue to attract more inflows since the early Q4 results of the segment are very good.
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
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