Tue22052012

Back Business FIIs' inflow into Indian stocks reach $4-bn for 2012

FIIs' inflow into Indian stocks reach $4-bn for 2012

Adopting a bullish stance on India, overseas investors have pumped in about Rs 14,000 crore in the Indian equity market so far this month and the experts expect this positive trend to continue further.

Since the beginning of 2012, the FIIs have infused a total of Rs 24,225 crore ($4 billion) into Indian stocks, after taking into account Rs 10,358 crore of net inflow during January 2012.

During February 1-17, 2012, foreign institutional investors (FIIs) were gross buyers of shares worth Rs  47,895 crore, while they sold equities amounting to Rs  34,028 crore, translating into a net investment of Rs  13,867 crore (USD 2.81 billion), as per data available with market regulator Sebi.

Market analysts attributed strong FIIs inflow in the domestic market to the reversal in RBI's monetary policy and the subsequent impact of improved liquidity position.

The foreign fund houses have also infused Rs  799 crore in the debt market so far this month. This takes the overall net investments by FIIs into Indian markets to Rs 14,666 crore ($ 2.97 billion) for this period.Stock market inflows in the first 17 days of February, at Rs 13,867 crore, were higher than that for the entire  month of January .

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