Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management

16-11-2024 02:12 PM | Source: Geojit Financial Services Ltd.

Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management

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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 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.

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."

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Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management

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