Quote on FPI from Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
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Quote on FPI from Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPIs continued to be sellers in March too. Up to 10th March FPIs sold equity worth Rs 41935 cr through the stock exchanges. In CY 2022, up to March 10th, FPIs have sold equity worth Rs 113690 cr. The bulk of FPI flows to India are coming from emerging market funds. FPIs fear that India would be impacted more by the commodity price hike, particularly crude spike since India is a major crude importer. FPI selling is mainly confined to financials and IT since these segments constitute the bulk of Assets under the Custody of FPIs. An important takeaway from FPI selling is that it is not impacting all segments. For instance, FPIs sold IT stocks worth Ts 10984 cr in February, but in March IT is one of the best performing sectors"
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