FIIs invest Rs85,000 cr in equity market in Apr-Dec: finmin

FIIs invest Rs85,000 cr in equity market in Apr-Dec: finmin
PTI
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First Published: Tue, Mar 16 2010. 03 54 PM IST
Updated: Tue, Mar 16 2010. 03 54 PM IST
New Delhi: The government on Tuesday said foreign funds have put in over Rs89,500 crore in Indian equities between April and December 2009, reversing the outflow of the previous year.
The total investment made by foreign institutional investors (FIIs) in the Indian share market for the first three quarters (April-December) stood at Rs89,576 crore in 2009-10, minister of state for finance Namo Narain Meena informed the Rajya Sabha in a written reply.
These funds had pulled out a net Rs41,555 crore from Indian stocks in April-December peroid of 2008-09.
Besides, mutual funds have pulled out Rs4,421 crore from equities during the nine months ended December 2009, against an inflow of Rs7,868 crore in the corresponding period a year-ago, he said.
While banks have withdrawn Rs4,500 crore, insurance companies have put in a net Rs25,689 crore in the share market during the nine-month period ending December 2009.
This is against Rs732 crore withdrawn by banks and an inflow of Rs42,226 crore in April-December period of 2008-09, he added.
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First Published: Tue, Mar 16 2010. 03 54 PM IST