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Foreign Institutional Investors (FII) Inflows Into Indian Markets Creates New Record In Nov

By Staff
|

Foreign institutional investors (FIIs) have infused more than Rs 55,000 crore in November so far in November, creating a new record for the highest inflows in a month. With this record inflow, FIIs investment into India has turned net positive for 2020.

 

FII Inflows Into Indian Markets Creates New Record In Nov

According to data from the exchanges, FIIs have net bought Rs 55,552.64 crore worth of shares till 24 November, taking total inflows this year to Rs 96,766 crore.

The kind of inflows seen this month has been largely due to optimism around economic recovery after 3 positive potential vaccine outcomes and the US election results that caused weakness in the dollar index. The foreign capital also helped Sensex and Nifty 50 to hit new record highs this month.

Asian stock markets have seen the biggest inflow of foreign investment this year since 2013. Nine regional stock markets have witnessed combined inflows of about $48 billion since 1 October, most since the fourth quarter of 2013. Japan received the highest inflow of $27.4 billion followed by India at $9.2 billion and South Korea at $6.4 billion.

Story first published: Thursday, November 26, 2020, 10:28 [IST]
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