Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

28-09-2024 11:32 AM | Source: Geojit Financial Services

Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"The strong FII buying witnessed this month continued for the week ending on 27th September, too. The variations in the FII activity through the exchanges and the primary market also continues with occasional selling in the cash market and sustained investment through the primary market. FIIs have invested Rs 57359 crores so far in September with investment through the exchanges alone touching Rs 46480 crores.

Total investment by FIIs so far in 2024 now stands at Rs 100245 crores. This has contributed to the stability in INR this year. The September 18th rate cut and the dovish commentary by the Fed can be seen as a major pivot in interest rates. This can facilitate sustained flows to emerging markets like India.

However, a recent trend is the big inflows into the Hong Kong market which was the star performer in September with the Hang Seng index gaining a whopping 14 %. The monetary and fiscal stimulus being implemented by China is expected to stimulate the Chinese economy and the Chinese stocks listed in the Hong Kong market. If the outperformance of Hang Seng continues, it is possible that more funds will flow to Hong Kong since that market continues to be very cheap."

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Quote on FPI by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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