BackFII make investments worth ₹ 6,700 cr in April
FII make investments worth ₹ 6,700 cr in April
Premium
Mumbai: Betting big on the Indian equity markets, foreign fund houses have made a net investment of over ₹ 6,700 crore in just four trading session of April this fiscal.
Till 8 April 2011, foreign institutional investors (FIIs) are gross buyer of shares worth ₹ 20,519.40 crore, while they sold equities worth ₹ 13,769.90 crore, resulting in a net investment of ₹ 6,749.60 crore or $1.51 billion, as per the data available with the capital markets regulator Sebi.
According to analysts, FIIs have been pumping funds into emerging markets like India because of their strong growth potential and feels that in the coming days too, the foreign fund houses may keep investing in the Indian bourses.
“The FII inflows in April have been strong. This may be because of expectation of good corporate results," SMC Capitals equity head Jagannathan Thunuguntla said.
Besides, foreign fund houses were negative on debt market and pulled out ₹ 2,940.80 crore or $665.07 million. This takes the overall net investments by FIIs into stocks and bonds to a total of ₹ 3,808.80 crore or about $850.63 million.
In January 2011, overseas investors had pulled out ₹ 4,813.2 crore from stock market and outflow continued in February too with ₹ 4,585.5 crore taking out from equities but the scenario changed in March, when they were net investors of equities worth ₹ 6,749.60 crore.
This has taken the gross purchases of equities in the country by FIIs so far in 2011 to over ₹ 1.88 lakh crore. After taking into account the outgo of ₹ 1.84 lakh crore, overseas investors have made a net investment of ₹ 4,248 crore.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
