2024-11-16 02:12:57 pm | Source: Geojit Financial Services Ltd.
The relentless FPI selling has been triggered by the cumulative impact of three factors: one, the high valuations in India; two, concerns regarding the earnings downgrade; and three, the Trump trade.
Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management
Below the Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management
"FPIs have been continuing with their massive selling of Rs 113858 crores in October with another Rs 22420 crores in November through 15th (NSDL). Two factors in the FPI selling stands out: One, FPIs continued to buy in the primary market ( Rs 9931 crores) while selling in the cash market through exchanges (Rs 32351 crores) resulting in a net sell figure of Rs 22420 crores through 15th in November. Second, FPIs have been selling in the debt market too with the sell figure reaching Rs 4717 crores through November 15th.
The Trump victory has impacted both the equity and bond markets in the US. Equities have boomed on expectations of the positive impact of the promised corporate tax cut by Trump and his pro-business policies. The bond market has been impacted by concerns of the potentially rising fiscal deficit under Trump. The sharp up move of the 10-year US bond yield to 4.42% has negative implications for emerging markets. This is reflected in the FPI selling in the debt market, too."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
MOSt Market Roundup : Nifty future closed negative w...
Evening Track : Commodities trading mixed as Preside...
Quote on Nifty by Vatsal Bhuva, Technical Analyst at...
Quote on Pre-Budget Expectations by Mr. Sebi Joseph,...
Union Budget 2025 wish list by Mr. George Alexander ...
Quote on Market Wrap by Mr. Ajit Mishra ? SVP, Resea...
PhonePe celebrates Mahakumbh mela with Rs 144 flat c...
Quote on Market Wrap Up by Shrikant Chouhan, Head Eq...
2025 Fashion Trends: Insights into the Colors, Style...
Daily Market Commentary : Investors will closely tra...
Tag News
MOSt Market Roundup : Nifty future closed negative with loss of 1.26% at 23105 levels by Mot...
Quote on Market Wrap by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Daily Market Commentary : Investors will closely track the Q3 earnings of heavy-weights like HDFC Bank, HUL, BPCL to be announced tomorrow Says Mr. Siddhartha Khemka, Motilal Oswal
