On May 20, FIIs bought in Indian equities to the tune of Rs 7008, while they sold to the tune of Rs 7112 crores, taking their net sales figure to Rs 104 crores for May 20.
For the month of May FIIs have made a net purchases of Rs 14,537 crores, as against a figure of Rs 9383 crores for the entire month of April 2014. For the month of March they made a staggering net purchases of Rs 20,077.20 crores in the Indian equity markets.
FIIs have been constantly buying into Indian equities in the last few months on the hopes that a new government would push through the development agenda and ensure economic development gathers steam.
The Sensex and the Nifty have been constantly rallying on these hopes with the Sensex hitting a new record in excess of 25,200 points on the day the election results were announced.