Millennium Post

FII pumps in Rs 19,000 cr in September

Overseas investors pumped in more than Rs 19,000 crore [USD 3.5 billion] in the Indian stock market in September, the highest monthly inflow in seven months, on account of bold economic reform initiatives taken by the government.

Thus, FII investment in the country's equity market has reached Rs 82,331 crore [USD 15.85 billion] so far this year, and Rs 25,140 crore [USD 5 billion] in the debt market during the same period.

In September, Foreign Institutional Investors [FIIs] were gross buyers of shares worth Rs 66,752 crore, while they sold equities amounting to Rs 47,491 crore translating into a net inflow of Rs 19,261 crore [USD 3.56 billion], according to the data available with the market regulator Sebi.

This was the highest net investment by FIIs in stocks since February, when they had infused Rs 25,212 crore. Besides, FIIs had infused Rs 10,804 crore in August and Rs 10,273 crore in July.

Market experts said the month of September has seen extraordinary amount of FII flows on several tough economic decisions including opening up FDI in retail and aviation sectors, capping up of cooking gas subsidy and hike diesel prices, taken by the government.
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