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FPI inflows, which had been detrimental within the earlier three months, have sharply turned constructive in December, says V.Okay. Vijayakumar, Chief Funding Strategist at Geojit Monetary Providers.
Whole FPI inflows in December by way of twenty second is Rs 57,313 crore together with the shopping for by way of inventory exchanges and first market.
The regular decline within the US bond yields have precipitated this sudden change within the technique of FPIs, he mentioned.
FPIs had been huge consumers in monetary companies. This explains the resilience of this phase in latest days.
FPIs additionally purchased in sectors like autos, capital items and telecom, he mentioned.
Since 2024 is anticipated to witness additional declines within the US rates of interest, FPIs are prone to improve their purchases in 2024 too.
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