03-08-2024 04:46 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 Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management 

 

"FPI investment has been inconsistent recently alternating between buying and selling. This is in sharp contrast to the consistent buying by DIIs. Total FPI buying in equity in July stood at Rs 32364 crores. In debt FPIs invested Rs 22363 crores in July. For CY 2024 total FPI investment in equity stands at Rs 35565 crores. (Source: NSDL)

 
Going forward, there are some developments that can impact FPI flows. The sharp drop in job creation in the US and the rising unemployment indicates the rising possibility of a recession in the US, which, so far, the market has ruled out. The possibility of a rate cut by the Fed in September is very high. Consequently the US 10-year bond yield has fallen sharply to 3.79%. Even though this is positive for FPI inflows into emerging markets like India FPIs may think of pulling more money out of India since India is the most expensive emerging market now. The developments in the US economy and markets in the coming days will set the trend for FPI in August."

 

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