Millennium Post

Reforms make FIIs buy more last week

Overseas investors poured in more than Rs 3,300 crore in the country’s stock market last week as the government continued with its reforms to boost economic growth and investor sentiment.

During 1-5 October, FIIs were gross buyers of shares worth Rs 13,094 crore, while they sold equities amounting to Rs 9,714 crore translating into net inflow of Rs 3,381 crore [USD 645 million], according to the data available with market regulator SEBI [Securities and Exchange Board of India].

Foreign institutional investors investment in the equity market has reached Rs 85,711 crore so far this year.

Market experts believe that FIIs continued their bullish stance on the equity market on policy actions.

Apart from equity, FIIs also infused Rs 1,382 in the debt market so far this month. The huge foreign inflows are sending stock indices [BSE] higher.    
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