FIIs invest over Rs 13,000 cr so far in 2013
From January 1-18, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 42,926 crore, while they sold equities amounting to Rs 29,525 crore translating into a net inflow of Rs 13,401 crore (USD 2.5 billion), according to
In 2012, FIIs had made net investment of Rs 1.28 lakh crore (USD 24.4 billion) in Indian equities, making it the second best year for the market after record inflow of Rs 1.33 lakh crore (USD 29 billion) in 2010.
Market analysts attributed huge inflows into Indian equities to steps taken by the government including the postponement of the implementation of the GAAR by two years to April 1, 2016 and partial decontrol in diesel prices.
Another major reason was passage of 'fiscal cliff' bill by the US Senate that delays the automatic spending cuts by two months and proposed raising of taxes on individuals earning more than USD 400,000 a year and households making more than USD 450,000.
However, FIIs have pulled out Rs 563 crore (USD 101 million) in the debt market in 2013. This takes the total investment tally into the stock and bond to Rs 12,838 crore
(USD 2.34 billion)
The strong inflow by FIIs have pushed up Sensex by 612 points, or 3.15 per cent,
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