When FII was flowing to Indian equities in the previous part of the month, the sale pace had already begun to ease. By March 21, the total FII outflow for the month was Rs 31,718 crore, but since then there has been a visible change.
Dr. GeGit Investment Services’s main investment strategist Dr. VK According to Vijay Kumar, “The latest activity has shown a change in FII strategy in India. The FII became buyers over a few days after the Exchange was sold last week with a large scale of Rs 3255 crore by the exchange.”
The intensity of selling FIIs had begun to decline earlier. “He added that the spirit market is also positive, with constant flow of fixed-income equipment.
This reverse has played a role in lifting the market spirit in FII activity. He said that the recent reversal in FII sales has turned a better feeling in the market providing a rally in the market for the week ended March 21.
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He is attributed to investors’ mood changes to improve domestic fundamentals and global signals.
“It can be argued that positive domestic fundamentals, such as inflation growth and decrease with weakness in Dollar lamp, have contributed to the change in the FII strategy.”
Foreign investors’ returns, especially in such a significant volume, can further support India’s boom equity in the near term.
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