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FIIs infuse over $20 bn so far this year; $5 bn in June alone

FIIs infuse over $20 bn so far this year; $5 bn in June alone

Continuing to bet big on reforms agenda of the new government, overseas investors have poured in more than $5 billion into Indian markets so far this month - taking the overall net inflows since beginning of 2014 to over $20 billion.

Continuing to bet big on reforms agenda of the new government, overseas investors have poured in more than $5 billion into Indian markets so far this month - taking the overall net inflows since beginning of 2014 to over $20 billion.

Foreign investors have pumped in $2.35 billion (Rs 13,918.29 crore) into equity markets, and further $2.93 billion (Rs 17,357.43 crore) in debt securities till June 20, shows the latest market data.

The net inflows of overseas funds into Indian markets so far this year have reached $20.5 billion (Rs 1.23 lakh crore).

Of this, investments totalling $9.95 billion (Rs 59,723 crore) have come into equities, while debt markets account for $10.5 billion (Rs 63,476 crore).

According to market experts, the strong inflows by overseas investors have continued mainly on account of various reform measures expected from the new government and hopes of a stable economic policy regime.

FIIs, considered to be the main drivers of the equity market, have also helped push up the stock market's benchmark BSE index, Sensex, by over 1.7 per cent so far in June.

So far this year, while foreign investors have purchased securities worth Rs 6.64 lakh crore their gross sales have amounted to 5.41 lakh crore.

In June itself, foreign investors have made gross purchases worth Rs 1.25 lakh crore, while they have sold equity and debt securities worth about Rs 94,000 crore, resulting into net inflows of Rs 31,275 crore ($5.3 billion).

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Jun 23, 2014, 9:37 AM IST
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