• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

FPI Equity Selling In 2024 At Rs 28,818 Crores

OMMCOM NEWS by OMMCOM NEWS
February 10, 2024
in Business

New Delhi: Chief Investment Strategist of Geojit Financial Services V K Vijayakumar on Saturday said that the FPI investment trend of selling in equity and buying in debt witnessed in January is also continuing in the month of February.

He said that through February 9, FPIs had sold equity for Rs 3,074 crores and bought debt worth Rs 15, 093 crores.

“This takes the total equity selling in 2024, so far, to Rs 28,818 crores and debt buying to Rs 34,930 crores,” he said.

He said that the main trigger for this divergent trend in equity and debt is the high valuation in the Indian equity market and the rising bond yields in the U.S.

“In the last fortnight of January, FPIs were massive sellers in financials with a sell figure of Rs 31,261 crores. This explains the underperformance of Bank Nifty in general and some leading private sector banks in particular,” he said.

He said that for long-term investors, there is value in banking stocks now.

“FPIs were buyers in IT and telecom, which explains the resilience of the leading players in these segments,” he said.

Vijayakumar said that a reversal of the FPI selling in equity will happen when the US bond yields drift down and stay there for long.

 (IANS)

Tags: Geojit Financial Services
ShareTweetSendSharePinShareSend
Previous Post

TN Fishermen To Protest Against Arrest Of Fishermen By Sri Lankan Navy

Next Post

Ravindra Jadeja And KL Rahul Returns For The Final Three Test Against England

Related Posts

Trump
Business

Trump’s ‘Dead Economy’ Jibe Falls Flat As India’s GDP Growth Surges To 7.8 Pc

August 29, 2025
Lucknow
Business

Adani Airports Plans Big Upgrade For Lucknow International Airport, To Spend Rs 10,000 Crore

August 29, 2025
Energy Efficiency Index
Business

Maharashtra Ranks First In State Energy Efficiency Index 2024

August 29, 2025
Centre
Business

Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States

August 29, 2025
Piyush Goyal
Business

India, Africa Must Double Bilateral Trade By 2030: Piyush Goyal

August 29, 2025
GDP
Business

India’s GDP Growth Accelerates To 7.8 Pc In April-June Quarter

August 29, 2025
Next Post
Hyderabad: India's KL Rahul plays a shot during the fourth day of the first Test cricket match between India and England, at Rajiv Gandhi International Stadium in Hyderabad, Sunday, Jan. 28, 2024. (Photo: IANS/Suresh Kumar)

Ravindra Jadeja And KL Rahul Returns For The Final Three Test Against England

Supreme Court

SC To Hear Thackeray Faction's Plea Against Maha Speaker Ruling On Mon

Manoj Miishra

Odia Film Artist Manoj Mishra Joins Congress

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.