FIIs invest Rs 12,000 cr in Indian stock market

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FIIs invest Rs 12,000 cr in Indian stock market
Overseas investors have poured in nearly Rs 12,000 crore into the Indian equity market so far this month.

The total foreign investment in the country's equity market now has reached Rs 73,029 crore (USD 13.5 billion) since January.

According to the data available with Sebi, During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they sold equities amounting to Rs 26,005 crore -- a net inflow of Rs 11,993 crore (USD 2.2 billion).

FII net investments had plunged to the lowest level in 16 months during April, attracting net inflow of Rs 5,414 crore.

As per the analysts, the improvement in inflows are due to the change in global liquidity situation and some softening in crude as well gold prices, which may help contain the already very high Current Account Deficit. Apart from equity, FIIs have also poured in Rs 8,788 crore (USD 1.62 billion) into the debt market during the month taking the total investment to Rs 26,866 crore (about USD 5 billion) in the segment so far this year.

Read more about: fii, stocks, investment
Story first published: Monday, May 20, 2013, 9:30 [IST]
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