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Asian Journal of Management
Year : 2017, Volume : 8, Issue : 1
First page : ( 107) Last page : ( 111)
Print ISSN : 0976-495X. Online ISSN : 2321–5763.
Article DOI : 10.5958/2321–5763.2017.00017.8

In search for FPI trail in blue-chip Indian bourse during a phase of rehabilitation-An investigative study

Dr. Ghosh Bikramaditya*

Associate Professor, Finance Area, Institute of Management, Christ University, Bangalore

*Corresponding Author E-mail: bikram77777@gmail.com

JEL Classification: C31, C23, D53

Online published on 9 March, 2017.

Abstract

FII is a familiar word in Indian financial vocabulary. Post the amendments and creation of FPI back in 2014; they virtually are the movers and shakers of the Indian bourses. Pre 2008 crisis, FIIs were found to be return-chasers by many an erudite scholars, however the situation changed drastically after the mass destruction of wealth through the high end complex structured products. The cautious markets and the negative sentiments globally have forced bulk investors (such as FPIs) to make certain strategy during this rehab zone of time, however that was not clearly spelt out. This piece of research investigates the FPI investment pattern in the SandP BSE 30 stocks individually and collectively after the global crisis of 2008, especially during the rebuilding or consolidation phase of the capital market for a crucial period of four calendar years. Panel Data Regression with Fixed Effect Model has been used in the said study to both demonstrate the link and also to set up a possible predictive model, which could be used to track the FPI flows.

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Keywords

FPI, FII, Panel Data, Fixed Effect Model, S and P BSE30.

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