Quote on FPI By Dr. V K Vijayakumar, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the quote on FPI from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
"For February FPIs have turned buyers in equity for Rs 1539 crores. This is despite the U.S. bond yields ruling high with the 10-year yield at around 4.25%. FPIs may again turn sellers in some of the coming days. But they are unlikely to sell aggressively because their selling is not having any impact on the market which is setting new record highs. FPIs will have to buy the same shares, which they are selling now, at higher prices when the situation turns favourable for FPI buying. Therefore, even if they sell in the coming days, that will be subdued selling. It is important to understand the fact that the DIIs, HNIs and retail investors are calling the shots now, not FPIs. FPIs were big sellers in financials and FMCG in February.
FPIs are steadily increasing their buying in debt. They have bought debt to the tune of Rs 22419 crores in February on top of the Rs 19836 crores they bought in January. This trend of steady debt investment is likely to continue."
Above views are of the author and not of the website kindly read disclaimer
