Global market sentiment saw sharp volatility in the aftermath of Republicans winning all three branches of the US government, resulting in rising US bond yields and the dollar, as well as the US equity markets beating most EMs
FinTech BizNews Service
Mumbai, 8 November, 2024: Shrikant Chouhan, Head Equity Research, Kotak Securities, shares his insights along with key FPI-FII data.
Q) The amount/reason for outflow/inflow (1st Nov to 7th Nov 2024).
FIIs continued to be net cash sellers to the tune of Rs. 16,445.49 crores, to date in Nov’24.
Q) How is the future FPI flow expected to be?
Global market sentiment saw sharp volatility in the aftermath of Republicans winning all three branches of the US government, resulting in rising US bond yields and the dollar, as well as the US equity markets beating most EMs. Meanwhile, the Q2FY25 earnings season continued to remain weak, with more misses than hits observed. FPI flows are expected to remain volatile.
Q) How are other emerging markets performing?
FPI flows to date in Nov’24 were mixed for emerging markets. India, Indonesia, Malaysia, Philippines, S.Korea, Taiwan, Thailand, and Vietnam witnessed outflows of US$1190 mn, US$153 mn, US$81 mn, US$100 mn, US$5 mn, US$762 mn, US$131 mn, and US$103 mn, respectively. Brazil witnessed inflows of US$115 mn.
