FIIs’ pour continues, reaches $11 bn in equity mkt in 2013
29 April 2013 1:44 AM GMT
Overseas investors pumped $823 million into the stock markets in the month of April, taking the total investment tally to over $11 billion in 2013 so far.
Foreign institutional investors (FIIs) infused a net amount of $823 million (about Rs 4,450 crore) in Indian stock market in April, taking the total inflows to $11.2 billion (Rs 60,072 crore) in less than four months of 2013 so far.
FIIs had pumped in $1.2 billion (Rs 6,532 crore) during March, $4.57 billion (Rs 24,440 crore) in February and $4.05 billion (Rs 22,000 crore) in January.
Market experts said FII inflows in the Indian equities have slowed during April because of a slew of factors such as profit-booking, concerns over high current account deficit (CAD) and political uncertainty.
'We have seen FIIs pumping in funds in the Indian equity market during the month, but they are concerned about various economic factors such as CAD touching a record high and political uncertainty,' Geojit BNP Paribas Financial Services Ltd Head (Research) Alex Mathews said.
During April 2-26, FIIs were gross buyers of shares worth Rs 54,790 crore, while they sold equities amounting to Rs 50,340 crore, translating into a net investment of Rs 4,450 crore ($ 823 million), as per Sebi data.
Foreign fund houses also infused Rs 1,586 crore ($ 302 million) in the debt market so far this month. This takes the overall net investments by FIIs into debt markets to Rs 14,330 crore ($ 2.66 billion) in the current calendar year so far. FIIs bought equities worth $24.4 billion in 2012, about $5 billion below record purchases two years ago. As on 26 April, the number of registered FIIs in the country stood at 1,766 and total number of sub-accounts were 6,372.
FII HOLDING IN INDIA’S ONLY LISTED MICROFINANCE FIRM SKS IS 36%
Going bullish on the country's only listed microfinance company, foreign investors have more than doubled their holding in SKS Microfinance to nearly 36 per cent over the past financial year with purchase of shares worth an estimated Rs 380 crore.
Foreign Institutional Investors (FIIs), which held 13.41 per cent stake in Hyderabad-based microfinance player at the end of financial year 2011-12, raised their exposure to 35.94 per cent as on 31 March 2013, as per the latest shareholding data available with the stock exchanges.
Taking into account the average market value of SKS shares, 22.53 percentage point rise in FII holding in the company would be equivalent to purchase of shares worth about Rs 380 crore. FII holding in SKS had gone up consistently during the last three quarters, after hitting a record low level of 8.33 per during April-June quarter 2012.
However, the total promoter holding dropped to 26.03 per cent in January-March quarter 2013 from 36.84 per cent in the three months ended 31 March, 2012.
Shares of SKS have surged by seven per cent during the financial year 2012-13. The stock had taken a major beating for months together after its listing in August 2010 at a price of over Rs 1,000 per share. Despite a revival over the past year, the shares are currently trading near Rs 31 per share.
Foreign institutional investors (FIIs) infused a net amount of $823 million (about Rs 4,450 crore) in Indian stock market in April, taking the total inflows to $11.2 billion (Rs 60,072 crore) in less than four months of 2013 so far.
FIIs had pumped in $1.2 billion (Rs 6,532 crore) during March, $4.57 billion (Rs 24,440 crore) in February and $4.05 billion (Rs 22,000 crore) in January.
Market experts said FII inflows in the Indian equities have slowed during April because of a slew of factors such as profit-booking, concerns over high current account deficit (CAD) and political uncertainty.
'We have seen FIIs pumping in funds in the Indian equity market during the month, but they are concerned about various economic factors such as CAD touching a record high and political uncertainty,' Geojit BNP Paribas Financial Services Ltd Head (Research) Alex Mathews said.
During April 2-26, FIIs were gross buyers of shares worth Rs 54,790 crore, while they sold equities amounting to Rs 50,340 crore, translating into a net investment of Rs 4,450 crore ($ 823 million), as per Sebi data.
Foreign fund houses also infused Rs 1,586 crore ($ 302 million) in the debt market so far this month. This takes the overall net investments by FIIs into debt markets to Rs 14,330 crore ($ 2.66 billion) in the current calendar year so far. FIIs bought equities worth $24.4 billion in 2012, about $5 billion below record purchases two years ago. As on 26 April, the number of registered FIIs in the country stood at 1,766 and total number of sub-accounts were 6,372.
FII HOLDING IN INDIA’S ONLY LISTED MICROFINANCE FIRM SKS IS 36%
Going bullish on the country's only listed microfinance company, foreign investors have more than doubled their holding in SKS Microfinance to nearly 36 per cent over the past financial year with purchase of shares worth an estimated Rs 380 crore.
Foreign Institutional Investors (FIIs), which held 13.41 per cent stake in Hyderabad-based microfinance player at the end of financial year 2011-12, raised their exposure to 35.94 per cent as on 31 March 2013, as per the latest shareholding data available with the stock exchanges.
Taking into account the average market value of SKS shares, 22.53 percentage point rise in FII holding in the company would be equivalent to purchase of shares worth about Rs 380 crore. FII holding in SKS had gone up consistently during the last three quarters, after hitting a record low level of 8.33 per during April-June quarter 2012.
However, the total promoter holding dropped to 26.03 per cent in January-March quarter 2013 from 36.84 per cent in the three months ended 31 March, 2012.
Shares of SKS have surged by seven per cent during the financial year 2012-13. The stock had taken a major beating for months together after its listing in August 2010 at a price of over Rs 1,000 per share. Despite a revival over the past year, the shares are currently trading near Rs 31 per share.
Next Story
