FIIs pumped in $4.6bn in Indian equities in Feb

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FIIs pumped in $4.6bn in Indian equities in Feb
Foreign Institutional investors (FIIs) have pumped money into the stock markets for the eighth consecutive month and infused in over Rs 24,000 crore (USD 4.6 billion), taking the total investment tally to USD 8.4 billion so far this year.

As per the data from Sebi, FIIs were gross buyers of shares worth Rs 78,888 crore, while they sold equities amounting to Rs 54,449 crore - a net inflow of Rs 24,439 crore (USD 4.57 billion).

P Chidambaram, in his Budget speech, proposed to strengthen capital market regulator Sebi and cut the securities transaction tax, which will bring down overall costs for investors and attract more such investors.

Meanwhile, foreign investors also infused Rs 4,001 crore (USD 743 million) in the debt market in February. This takes the overall net investments by FIIs into debt markets to Rs 7,712 crore (USD 1.43 billion) so far this year.

Read more about: fii, equities
Story first published: Monday, March 4, 2013, 9:30 [IST]
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