FII inflows cross Rs 100K cr this year
According to the data available with Sebi, this is the second highest inflow in a calendar year ever, the highest being Rs 1,33,266 crore in 2010. At Rs 1,00,114 crore so far this year, FII’s have pumped in significant money even as the domestic economy slowed amidst a weak global environment.
A report prepared by BNP Paribas says that the bulk of the FII inflows into India have come from Asia ex Japan and Global Emerging Markets funds – about 55 per cent of total inflows.
The report also says that India’s share in Asia-6 has gone up. “India has received unprecedented inflows in 2012. India’s share of FII inflows into Asia-6 has been 54 per cent, which is much higher than the historical norm of 25-30 per cent,” said the BNP Paribas report.
Traditionally, a strong FII inflow has had a direct bearing on the Indian equity market. While the strong inflow in 2010 saw the Sensex going up by 17.4 per cent in 2010, it has already gone up by 21.9 per cent in the calendar 2012.
Market experts say that while the global economy has not been doing well India is one of the markets where there is growth.
“India is a good destination for FII’s to come
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