FIIS in­vest $19bn in In­dian eq­ui­ties

The Pak Banker - - Front Page -

MUM­BAI

In­dia's stock mar­kets have re­main at­trac­tive for overseas in­vestors, as for­eign en­ti­ties have pumped in $19 bil­lion so far -- the sec­ond high­est mark in a year.

For­eign In­sti­tu­tional In­vestors (FIIs) were gross buy­ers of shares worth Rs 5,80,183 crore and sellers of eq­ui­ties worth Rs 4,80,778 crore, trans­lat­ing into net in­flow of Rs 99,406 crore (USD 19.08 bil­lion), ac­cord­ing to the Sebi data.

This is the sec­ond high­est net in­flow by FIIs in a sin­gle cal­en­dar year since their en­try into In­dian cap­i­tal mar­kets in 1992. In 2010, overseas in­vestors had made net in­vest­ments of about USD 29 bil­lion (about Rs 1,33,266 crore).

FIIs had pulled out USD 358 mil­lion (Rs 2,714 crore) in 2011.

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