FIIs infuse nearly Rs 9,600 cr in Indian equities in March

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Foreign investors have injected a whopping Rs 9,600 crore in the stock market so far this month, mainly on the hopes of a stable government in general elections starting next month, said the media report.

According to the Securities and Exchange Board of India data, FIIs bought shares worth Rs 59,296 crore and sold stocks to the tune of Rs 49,699 crore till March 21, resulting in a net inflow of Rs 9,597 crore.

FIIs also infused Rs 12,816 crore in the debt market during the period, added the media report.

According to market analysts, there has been some narrowing in the country's Current Account deficit and a stability in the rupee value against the US dollar, but focus has shifted to the upcoming Lok Sabha elections.

Overseas investors have purchased a net Rs 11,716 crore worth of stocks so far in 2014. They had invested a net Rs 1,404 crore in equities in February, and Rs 714 crore in stocks in January.

As of March 21, there were 1,715 registered FIIs in the country and 6,318 sub-accounts.

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Story first published: Monday, March 24, 2014, 9:10 [IST]
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