14-12-2024 02:47 PM | Source: Geojit Financial Services Ltd
Even though FIIs have turned buyers in December, they have been large sellers,too, on certain days. This indicates that at higher levels, they may again turn sellers since Indian valuations continue to be relatively high compared to other markets. Rising dollar is another concern which might prompt FIIs to sell at higher levels."
Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"FIIs turning buyers in December after relentless selling in October and November has contributed to the recovery in the market from the November lows. FIIs have bought equity for Rs 14435 crores through exchanges till 13th December. The total buy figure including the exchange buying and buying through the ‘primary market and others category’ stood at Rs 22765 crores as on 13th December (NSDL).
FII buying has triggered a rally in largecaps particularly in banking and IT.Even though FIIs have turned buyers in December, they have been large sellers,too, on certain days. This indicates that at higher levels, they may again turn sellers since Indian valuations continue to be relatively high compared to other markets. Rising dollar is another concern which might prompt FIIs to sell at higher levels."
Above views are of the author and not of the website kindly read disclaimer
Latest News
UPI transactions surge to Rs 223 lakh crore in Jan-Nov
The Role of Monetary Policy in Shaping Wealth Creati...
40 Indian startups secure over $787 million in fundi...
CPI inflation to average 4.8 per cent in 2024-25: SB...
Cement Sector Update: Demand set to rise, yet pricin...
Healthcare Sector Update :-Low base, favorable seaso...
Oil & Gas Sector Update :-Robust 3QFY25 trends for O...
Buy Max Healthcare Ltd For Target Rs.1,380 By Motila...
Per capita availability of fruits, vegetables increa...
FII buying reaches Rs 22,765 crore in Dec as economi...
Tag News
Quote on FPI by Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors
Weekly Market Analysis : Markets strengthened recovery and gained nearly a percent, in continuation to Friday`s rebound Says Mr. Ajit Mishra, Religare Broking
Buy on dips strategy working well in Indian stock market amid sharp rebound
Weekly Market Outlook: Friday`s surge in the market aided the indices to end the week on a positive note Says Vinod Nair, Head of Research at Geojit Financial Service
