New Delhi: FPIs continued to be sellers within the money market having offered fairness value Rs 27,664 crores by way of January 25, stated V Ok Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FPIs have been sellers in autos and auto ancillary, media and leisure and marginally in IT. They purchased oil and fuel, energy and selectively in monetary companies, he stated.
The rising bond yields within the US is a matter of concern and this has triggered the latest bout of promoting within the money market. The rally in world inventory markets was triggered by the Fed pivot which noticed the 10-year bond yield falling from 5% to round 3.8%. Now the 10-year is again at 4.18% which signifies that the Fed price reduce will come solely in H2 of 2024, he stated. (Also Read:BLS E-Services Ltd IPO: Check Opening & Closing Dates, Price Band, Lot Size, GMP, And Other Details)
As per a report by Kotak Institutional Equities, listed funds witnessed inflows of $2 billion, fully led by ETF inflows. India-dedicated funds witnessed inflows of $3.1 billion, damaged down into $2 billion of ETF inflows and $1.1 billion of non-ETF inflows, whereas GEM funds noticed $247 million of outflows, led by $337 million of non-ETF outflows, offset by $90 million of ETF inflows. (Also Read: Now You Can Choose Any Hospital For Treatment; Know All About Game-Changing Rule For Health Insurance)
Listed rising market fund flows have been combined. South Korea, Indonesia and Taiwan witnessed $3 billion, $262 million and $76 million of outflows, respectively. China, India and Brazil noticed $10.8 billion, $2 billion and $186 million of inflows, respectively. Total FPI and EPFR exercise confirmed divergent traits for Indonesia, South Korea and Taiwan.
Source: zeenews.india.com
