IGI Logo

Below is quote on FPI/FII 17th June 2022 by Dr. VK Vijayakumar, Chief Investment Strategist

"During May FPI sold equity worth Rs 45276cr. The relentless selling continued in June and till 17th June FPIs had sold equity worth Rs. 28445cr. For CY 2022 till 17th June, FPIs have sold equity to the tune of Rs 202244 cr. FPIs have been selling heavily in other emerging markets like Taiwan, and South Korea too. The strengthening of the dollar and rising bond yields in US are the major triggers for FPI selling. Since the Fed and other central banks like the Bank of England and the Swiss central bank have raised rates, there is synchronised rate hikes globally, with rising yields. Money is moving from equity to bonds. In India, FPIs continued to sell in financials and IT where their holding is the largest"

Above views are of the author and not of the website kindly read disclaimer