FPIs big buyers in financial services
Total FPI inflows in December through 22nd is Rs 57,313 crore including the buying through stock exchanges and primary market.
FPI inflows, which were negative in the previous three months, have sharply turned positive in December, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Total FPI inflows in December through 22nd is Rs 57,313 crore including the buying through stock exchanges and primary market.
The steady decline in the US bond yields have caused this sudden change in the strategy of FPIs, he said.
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, he said.
Since 2024 is expected to witness further declines in the US interest rates, FPIs are likely to increase their purchases in 2024 too.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
Lok Sabha elections 2024 Phase 4: Voting date, timing, states, union territories, seats, key candidates and constituencies | LS Polls
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
HPCL dividend 2024: OMC Hindustan Petroleum Corporation announces Rs 16.50 dividend, check record date
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
07:14 PM IST