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FIIs continue to remain net sellers in Indian equities

 FIIs continue to remain net sellers in Indian equities
Foreign funds continued to remain net sellers in the cash segment of the equity markets. On Friday, they once again net sold to the tune of Rs 652 crores, according to figures released by the National Stock Exchange.

It's unlikely to be an encouraging set of purchases, when the final figures are released for the month of Jan 2014.

In 2013, foreign funds or FIIs had made investments of a staggering Rs 1,13,136 crores in Indian equities, despite the fact that economic growth had plummeted and the rupee remained vulnerable.

In 2012, they had made even higher purchases to the tune of Rs 1,27,736 crores.

It's likely that foreign funds will slow their purchases, given the fact that the US Federal Reserve has been gradually easing its Quantitative Easing Programme, pulling out liquidity from the financial system. Read more on QE3 here

It's also likely that there will be a wait and watch approach by foreign funds till Union Elections are complete by May, 2014.

Story first published: Saturday, February 1, 2014, 9:24 [IST]
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