Quote on FPI by Dr. V K Vijayakumar, Geojit Financial
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Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"As per NSDL data, FIIs have sold equity worth Rs 17447 cr in February up to 18th. They have bought equity worth Rs 2518cr in the primary market during this period. Total FII selling through the stock exchange in 2022 up to 18th February is Rs 50586 cr. This year FIIs have been buyers in the debt market having bought debt worth Rs 3166 through the stock exchange.
The global macro trend is dominated by the expected monetary tightening by the Fed. When the rates and bond yields rise in the US, capital outflows from emerging markets may rise. Therefore, FIIs can be expected to sell more, going forward, unless market corrections make valuations attractive.
DIIs and HNIs are slowly accumulating high-quality financials whose valuations have turned attractive due to sustained FII selling"
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