FIIs press sales for nine consecutive sessions; sell stocks worth $1billion in India

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Foreign funds net sold in the Indian market to the tune of Rs 6500 crores or in excess of $1 billion in nine consecutive trading sessions.

FIIs press sales for nine consecutive sessions; sell stocks worth $1billion
The December sales is largely seen as profit booking and analysts say we could see a fresh rally in stocks during the coming few days, especially in the month of Jan.

FIIs have so far pumped in Rs 2.6 lakh cr in Indian capital market in 2014.

The net investment by foreign investors into equities stood at Rs 3,430 crore (570 million) during December 1-19, while total inflows in the debt market during the same period were Rs 10,808 crore (1.75 billion), taking the total to Rs 14,239 crore (USD 2.3 billion), as per latest data.

Moreover, foreign investors are pumping funds into debt in order to take advantage of the higher yields.

The net investment by overseas investors into the equity market has reached Rs 99,450 crore (USD 16.5 billion) so far this year, while in the debt markets it is at Rs 1.59 lakh crore ($26.2 billion), aggregating to Rs 2.6 lakh crore (USD 42.6 billion).

This has taken their cumulative net investments into the Indian equity markets, since being allowed over two decades ago in November 1992, to nearly Rs 8 lakh crore. The cumulative figure for debt securities has also grown to Rs 2.63 lakh crore -- taking the total for overall Indian markets to Rs 10.5 lakh crore (over USD 213 billion).

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