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FPIs infuse Rs 17,722 cr into Indian markets in November so far; still wary

Umesh Mehta, head of research at Samco Securities said, “FPIs have become relatively cautious on India given the high valuations and Nifty hovering near its all-time high levels. Huge divergence between the large and small/midcaps is making them weary to commit further in a big way to the Indian bourses.” Also, the expectation of weaker GDP numbers in the coming months, among other factors, is making them “hesitant to invest full throttle”, he added.

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