26-11-2023 11:14 AM | Source: Geojit Financial Services
Quote on FPI : There are some important developments that might influence FPI inflows into India Says 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.
"There are some important developments that might influence FPI inflows into India. The better-than-expected decline in inflation in the US has given the market confidence to assume that the Fed is done with rate hike. Consequently the US bond yields have declined sharply with the 10-year benchmark bond yield correcting from 5% in mid October to 4.40% now. This has forced the FIIs to slow down their selling. Importantly, they were buyers on four days this month with a big buying of Rs 2625 crores on Friday, the 24th.
FPIs are likely to buy banking which they have been selling during the last 3months. A large-cap led rally is likely in the market, going forward."
Above views are of the author and not of the website kindly read disclaimer
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