Best December for FII inflows
Ankit Doshi: Mumbai, Dec 28 2012, 00:26 IST
amount of foreign flows compared with Asian peers. As per Bloomberg data, year-to-date inflows in Indian equities stand at over $24 billion. Japan stood second with $16 billion of overseas inflows since January, followed by South Korea ($15.1 billion), Taiwan ($4.7 billion), Philippines ($2.5 billion), Thailand ($2.45 billion) and Indonesia ($1.65 billion).
However, even as equity inflows in Indian markets have been robust, the market performance for December (purely in terms of percentage returns) has been among the worst in more than a decade.
As per Bloomberg data, the 30-share Sensex has given -0.5% returns so far this month vis-a-vis record inflows in December. In December 2011, Sensex gave -4.15% returns vis-a-via FII inflows of as low as $19.66 million.
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