FIIs' equity investment in 2013 set to break records on election cheer: Experts

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FIIs' equity investment in 2013 set to break records
Foreign Institutional Investors (FIIs) investment in Indian equity markets is set to break previous records in 2013 with net inflows already crossing Rs 1 lakh crore mark while the markets are expected to witness sharp rally in coming days after Sunday's state assembly election results.

According to a PTI report, FIIs were gross buyer of shares worth Rs 7,46,334 crore and sellers of equities worth Rs 6,45,757 crore till December 6, translating into a net inflow of Rs 1,00,577 crore (USD 18 billion).

Experts believe that with the chances of BJP-led government at the Centre brightening, the FIIs net inflows in Indian equities could break previous records in 2013 as also helped by delayed US Fed tapering.

Net FIIs equity inflows have exceeded Rs 1 lakh crore mark only twice in last two decades—in 2010 and 2012. The overseas investors had net invested Rs 1,28,360 crore in 2012, while in 2010, they made a record net inflow of Rs 1,33,266 crore.

Dion Global Solutions Ltd.

Read more about: fii, elections, equity
Story first published: Monday, December 9, 2013, 9:12 [IST]
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