FIIs inflow touches $22 billion in 2012 so far
Overseas investors have made net investments of USD 2.44 billion in the Indian equity market in just a fortnight, taking the total inflow for 2012 so far to a staggering level of over USD 22 billion.
During December 3-14, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 39,435 crore and sellers of equities worth Rs 26,157 crore -- translating into a net inflow of Rs 13,278 crore (USD 2.44 billion), according
to Sebi data.
This takes the net investment by FIIs to USD 22.22 billion (Rs 1,16,550 crore) so far in 2012, making it the second highest net inflow in a single calendar year since
their entry into Indian capital markets in 1992.
In 2010, overseas investors had made net investments of about USD 29 billion (about Rs 1,33,266 crore).
FIIs, a major participant in Indian stock market, had pulled out USD 358 million (Rs 2,714 crore) in 2011.
Foreign investors have been betting big on Indian equities in the last few months on the back of a slew of economic reforms initiated by government, pushing up BSE
benchmark Sensex by 3,862 points or 25 per cent in 2012 calendar year.
"FIIs continued with the positive bias towards Indian equities as the lack of investment options make the country an attractive destination. India is still considered as a better market compared to other markets in Asia or other emerging markets," Sudip Bandyopadhyay, MD & CEO, Destimoney Securities said.
Kishor Ostwal, CMD at CNI Research said, "India has had an excellent year so far after a disastrous 2011.
Be the first to comment.
