Millennium Post

FIIs have invested `3,160 crore in equities in Nov

Overseas investors continue to invest in the stock markets, with foreign institutional investors (FIIs) pumping over Rs 3,160 crore in equity shares so far this month. From 1 to 9 November, foreign institutional investors were gross buyers of shares worth Rs 15,350 crore and sellers of equities worth Rs 12,184 crore, translating into a net inflow of Rs 3,166 crore, according to Securities and Exchange Board of India (Sebi) data.

This takes foreign institutional investors' investment in the Indian equity market to Rs 96,861 crore ($18.62 billion) so far in 2012.
Experts have said that foreign institutional investors continued with a positive bias towards Indian equities on account of the reform initiatives taken by the government that have strengthened the chances of better economic growth and improved market sentiment. Foreign institutional investors' inflows will continue in the coming months as the country is riding on positive news flows, they said, adding that the lack of investment options make India an attractive destination.

This month, apart from pouring funds in equities, foreign institutional investors also infused Rs 436 crore in the debt market.

The inflows into domestic equities continued on the government's reform measures and I hope it will continue in the coming months as well,' said Wellindia Vice-President (Research) Vivek Negi. CNI Research Head Kishor Ostwal said, 'The steps taken by the government are being seen as market-friendly by investors and in my view foreign institutional investors will continue to react positively on the domestic equity market.'

However, the Bombay Stock Exchange's (BSE) barometer Sensitive Index (Sensex) has dropped by 219 points (1.15 per cent) this month. The 30-share index settled at 18,683.68 points at the close of trading on Friday last week.
PTI

PTI

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