FIIs turn buyers in February with Rs 16,912 crore worth of equity inflows. Is this a sign of trend reversal?
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Foreign institutional investors (FIIs) have turned net buyers in February, buying shares worth Rs 16,912 in the domestic markets so far. The trend reversal comes on the back of improved Q3 earnings. Buying returned this month after a lacklustre beginning of the new year. In January, foreign equity outflows were to the tune of Rs 35,962 crore, with net outflows at Rs 19,050 crore on the year-to-date basis. Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments, sees a clear trend reversal in FPI flows in February. "FPIs were buyers on nine out of the last sixteen trading days in February through the 20th. As per NSDL data, the total FPI investment through exchanges in February through 20th stood at Rs 14177.66 crores. Additionally, FPIs had invested Rs 2,733.89 crores through the primary market, taking the total investment in February through 20th to Rs 16,911.55 crores," he said. He also points out big sectoral var...