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FII investments cross $ 6 bn mark

FII investments cross $ 6 bn mark
PTI
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First Published: Sun, Jul 19 2009. 07 02 PM IST
Updated: Sun, Jul 19 2009. 07 02 PM IST
New Delhi: In a sign of confidence in the Indian markets, foreign institutional investors (FIIs) pumped in over $6 billion, or about Rs29,940 crore this year, with over $1 billion coming in July alone.
An analysis of FIIs activity shows that overseas investors are the net purchasers of Indian stocks worth $6.18 billion (Rs29,940.30 crore) from January to July this year.
According to the data with the Securities and Exchange Board of India (Sebi), FIIs were the gross buyer of shares worth Rs2,98,675.70 crore while they sold equities valued at Rs2,68,735.30 crore, resulting in a net inflow of Rs29,940.30 crore ($6.18 billion).
In July, FIIs made a net investment of Rs5,637 ($1.16 mn) in the domestic equity markets, showing their confidence in an emerging market like India.
Significantly, during the same period, the Bombay Stock Exchange’s barometer Sensex has lost nearly 2%.
However, it seems that the overseas investors are still skeptic about debt market as they have not turned into net investor in this segment this year.
Till now, FIIs are the net seller of debts worth Rs973.60 crore ($151 million), even as the overseas investors infused Rs4,485.10 crore ($932 million) so far in July, the Sebi data said.
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First Published: Sun, Jul 19 2009. 07 02 PM IST
More Topics: FIIs | Investment | Stocks | Shares | Markets |