Foreign portfolio investors market.
So, the actual stock market transaction is selling of Rs 11,719 crore for November up to 19,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
The total FPI investment in IPOs is expected to cross Rs 50,000 crore in calendar year 2021.
“The trend indicates that FPIs are likely to turn sellers at every rise since most foreign brokerages have a ‘sell’ call on India on concerns of stretched valuations.
According to stock exchange data, domestic institutions made net investments in Rs 9,663 crore in the cash market in November so far.
“The important point to note is that the old scenario where FPIs representing smart money dictated market trends is over for the present.
Retail investors are using the mutual fund route to invest in the stock markets.
UK’s rising annual inflation rate was reported at 4.2 per cent in October from 3.1 per cent a month ago, forcing investors to remain sidelined.
“On the domestic front, India’s WPI in October spiked to 12.54 per cent from 10.66 per cent in September owing to the rise in prices of crude petroleum and manufactured products.