Quote on FPI : FPI inflows which were negative in the previous 3 months have sharply turned positive in December By Dr. V K Vijayakumar, Geojit Financial Services
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Below the quote on FPI from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"FPI inflows which were negative in the previous 3 months have sharply turned positive in December. Total FPI inflows in December through 22nd is Rs 57313 crores including the buying through stock exchanges and primary market. (Source: NSDL)
The steady decline in U.S. bond yields have caused this sudden change in the strategy of FPIs.
FPIs were big buyers in financial services. This explains the resilience of this segment in recent days. FPIs also bought in sectors like autos, capital goods and telecom.
Since 2024 is expected to witness further declines in U.S. interest rates, FPIs are likely to increase their purchases in 2024 too."
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