FPIs invest ₹1,433 crore in Indian equities, reverse selling streak on sharp decline in US bond yields
₹1,433 crore worth of Indian equities and the total inflow stands at ₹15,375 crore as of November 17, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. 'The resilience of the market and strong up moves on favourable days have forced a rethinking in FPI strategy.
That’s why they turned buyers on 15th and 16th of this month after sustained selling in the first two weeks of November,'' said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The sharp decline in the US 10-year bond yield to 4.45 per cent has turned out to be an inflection point for the mother market and thereby to the global stock markets, according to analysts. Before September and October, FPIs sustained buying in Indian equities for three months.
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