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FIIs continue robust investment in stock markets amid hopes of further reforms

By Religare
|

Foreign Institutional Investors (FIIs) continue to pour money into theIndian stock markets amid hopes of further economic reforms by theIndian government.

According to India's capital market regulator, the Securities andExchange Board of India (SEBI), the FIIs pumped over Rs 3600 crore inthe Indian stock markets this month thus far.

Gross equity purchased by FIIs in the period November 1 to November 16stood at Rs 24,944 crore while gross equity sold by FIIs in the sameperiod stood at Rs 21,326 crore, therefore amounting to net FIIinflows of Rs 3,618 crore.

 

Total FII investment in the nation's equity market in 2012 so farstands at Rs 97,313 crore.

FIIs have pumped in Rs 331 crore in the debt market this month thus far.

Foreign investors are hoping for more crucial economic reforms duringthe upcoming Winter Session of Parliament.

Despite the robust FII investment, the benchmark Sensex has fallennearly 195 points or 1.05 per cent so far this month.

The Indian government undertook some key economic reforms recentlysuch as allowing FDI in multi-brand retail and aviation, raising theFDI limit in insurance to 49 per cent and allowing FDI in the pensionsector, reviving investor sentiment.

Story first published: Monday, November 19, 2012, 11:30 [IST]
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