Bengaluru: The country’s bourses are trading at all-time highs and foreign capital investors (FPIs) are profiting by selling stocks. However, it is wrong to see the stock markets down as Domestic Institutional Investors (DIIs) continue to buy stocks.
The BSE Sensex and Nifty closed at all-time highs at the close on Friday. BSE’s market capitalization reached a record high of Rs.323.40 lakh crore.
FPIs sold shares worth Rs.9,579 crore in the Indian capital market till September 15. During the same period, domestic institutional investors bought shares worth Rs.8,309 crore. Geojit Financial Services Chief Investment Specialist V.K Vijayakumar has given information.
Foreign investors will pay more attention to selling stocks in the coming days as the market value is at its peak. The US 10-year bond yield is currently at a record high of 4.28%. The value of the American dollar is also increasing in the number of shares sold, he said.
Bank Nifty has touched a high of 46 thousand and is likely to touch 46,700 to 47,000 points in the short term, said Rupak De, Senior Analyst, LKP Securities.
