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Below the Quote on FII flows 21st Feb 2026 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

“There is a clear change in FPI flows in February. FPIs were buyers on nine out of the last sixteen trading days in February through 20th. As per NSDL data the total FPI investment through exchanges in February through 20th stood at Rs 14177.66 crores. Additionally FPIs had invested Rs 2733.89 crores through the primary market taking the total investment in February through 20th to Rs 16911.55 crores. 

Big variations can be seen in sectoral investments in February. FPIs had sold heavily in IT stocks due to the Anthropic shock. But they were buyers in financial services and capital goods. 

The trend of FPI buying witnessed in February, so far, is likely to continue, going forward. A major factor driving the FPI inflows could be the improvement in corporate earnings. The Q3 FY 26 results indicate a clear pick up in corporate earnings with a 14.7% earnings growth. This trend is likely to continue in the rest of FY26, too. As per the early estimates, FY27 earnings growth is likely to be around 15 %. This will make Indian valuations fair and attractive for FPIs to turn buyers in India.”

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