Quote on FPI for the month of August By Dr. V K Vijayakumar, Geojit Financial Services
Below is quote on FPI for the month of August By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"This month, up to 20th August, the FPIs bought equity worth Rs 5001 cr. This marks a shift in FPI's investment strategy in India where they had sold equity worth Rs 11308 cr in July. Even in the second half of July FPIs had turned buyers with big purchases in computer software and financials.
In August so far, even though they have turned buyers, they are not investing heavily.
With the latest Fed minutes indicating the possibility of 'tapering' by year-end, markets have turned a bit volatile. With the Dollar Index at around 93.57 FPIs are likely to be on a wait & watch mode, going forward. They are unlikely to commit big money until the Fed's views are made public after the crucial Jackson Hole meeting to be held between 26th & 28th August"
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