Equities receive FII investments of $2.5 bn in 2013
21 Jan 2013 5:51 AM IST
FII investment in Indian equities so far this month has touched a staggering over about $2.5 billion (Rs 13,000 crore) on the back of postponement of the controversial GAAR (General Anti Avoidance Rules) by two years and partial deregulation in diesel prices.
From 1-18 January, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 42,926 crore, while they sold equities amounting to Rs 29,525 crore translating into a net inflow of Rs 13,401 crore ($2.5 billion), according to Sebi data. In 2012, FIIs had made net investment of Rs 1.28 lakh crore ($24.4 billion) in Indian equities, making it the second best year for the market after record inflow of Rs 1.33 lakh crore ($29 billion) in 2010. Market analysts attributed huge inflows into Indian equities to steps taken by the government including the postponement of the implementation of the GAAR by two years to 1 April 2016 and partial decontrol in diesel prices. However, FIIs have pulled out Rs 563 crore ($101 million) in the debt market in 2013. This takes the total investment tally into the stock and bond to Rs 12,838 crore ($2.34 billion).
From 1-18 January, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 42,926 crore, while they sold equities amounting to Rs 29,525 crore translating into a net inflow of Rs 13,401 crore ($2.5 billion), according to Sebi data. In 2012, FIIs had made net investment of Rs 1.28 lakh crore ($24.4 billion) in Indian equities, making it the second best year for the market after record inflow of Rs 1.33 lakh crore ($29 billion) in 2010. Market analysts attributed huge inflows into Indian equities to steps taken by the government including the postponement of the implementation of the GAAR by two years to 1 April 2016 and partial decontrol in diesel prices. However, FIIs have pulled out Rs 563 crore ($101 million) in the debt market in 2013. This takes the total investment tally into the stock and bond to Rs 12,838 crore ($2.34 billion).
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