FIIs infuse over $26 billion so far in 2014; $6 billion in July alone

Posted By: Super
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Driven by an investment friendly government at the centre, overseas investors have pumped in a staggering $6 billion into the Indian securities market in July -- taking their overall net inflows since beginning of 2014 to more than $26 billion.

    Foreign investors have poured in $2.18 billion (Rs 13,124 crore) into the equity markets, while they have made net investments worth $3.83 billion (Rs 22,977.65 crore) in debt securities, during July -- the highest inflow for a month so far this year, latest market data showed.With the July figures, the net inflows of overseas funds into Indian capital markets in 2014 had reached about $26.4 billion (about Rs 1.59 lakh crore).

    However, on Friday (August 1), overseas investors pulled out securities worth about $240.5 million from the market, taking down the net investment by them to $26.16 billion (Rs 1.57 lakh crore) for this year.

    As on August 1, investments totalling $11.9 billion (Rs 71,408 crore) have come into equities, while debt markets account for $14.25 billion (Rs 85,873 crore) worth inflows.

    Market analysts felt that foreign investors have been betting big on the Indian market mainly on account of a stable and reforms-oriented government at the centre.

    FIIs (Foreign institutional Investors), the main driver ofthe equity market, have helped in pushing up the benchmark BSE Sensex by over 20 per cent so far in 2014.

    Foreign investors have purchased securities worth Rs 8.30 lakh crore while their gross sales have amounted to 6.73 lakh crore, till August 1.

    Within July, FIIs have made gross purchases worth Rs 1.30 lakh crore, while they have sold equity and debt securities worth about Rs 94,647.5 crore, resulting into net inflows of Rs 36,101.5 crore ($6 billion).

    PTI

    Read more about: fii
    Story first published: Sunday, August 3, 2014, 13:21 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more