New Delhi: Chief Investment Strategist, Geojit Financial Services, V K Vijayakumar on Saturday said that FPIs are turning steady buyers in India as evidenced by the net buying of equity worth Rs 11, 823 crores this month up to March 8. He said that FPIs were big sellers in January and very modest buyers in February. There are mainly three reasons for this renewed interest in India. First, the Indian market is showing great resilience and every dip is getting bought. FPIs have been forced to buy the same shares which they sold at higher prices, which is a losing game, he said. Second, US bond yields have been steadily declining (the 10-year yield has declined from above 4.3 per cent to 4.08
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