Overseas investors pump about $21 bn in Indian stocks in 2012 so far
During December 3-7, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 20,314 crore and sellers of equities worth Rs 14,167 crore -- translating into a net inflow of Rs 6,147 crore (USD 1.2 billion), according to Sebi data.
This takes the net investment by FIIs to USD 20.9 billion so far in 2012, making it as the second highest net inflow by 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 about 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 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
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