FIIs pour in $1.97 billion in equity market in October
28 Oct 2013 6:13 AM IST
Overseas investors have pumped in more than Rs 12,100 crore ($1.97 billion) in the Indian equity market since the beginning of this month amid easing concerns over the US tapering.
The total foreign investment in the stock market has thus reached Rs 85,336 crore ($15.6 billion) in 2013 so far, according to the latest data available with market regulator Sebi. From 1-25 October, foreign institutional investors (FIIs) were gross buyers of equities worth Rs 46,591 crore while they sold Rs 34,481 crore of bonds at the same time, resulting in a net inflow of Rs 12,109 crore.
However, FIIs have pulled out Rs 12,636 crore from debt securities this month. This takes the net outflow to Rs 49,212 crore from the debt market since the beginning of the year.
‘Equity markets have been witnessing buoyant FII inflows not merely on the back of continued global liquidity as the US Fed appears to have postponed withdrawal of its monetary stimulus for now, but also on account of our receding external risks,’ Angel Broking economist Bhupali Gursale said.
The total foreign investment in the stock market has thus reached Rs 85,336 crore ($15.6 billion) in 2013 so far, according to the latest data available with market regulator Sebi. From 1-25 October, foreign institutional investors (FIIs) were gross buyers of equities worth Rs 46,591 crore while they sold Rs 34,481 crore of bonds at the same time, resulting in a net inflow of Rs 12,109 crore.
However, FIIs have pulled out Rs 12,636 crore from debt securities this month. This takes the net outflow to Rs 49,212 crore from the debt market since the beginning of the year.
‘Equity markets have been witnessing buoyant FII inflows not merely on the back of continued global liquidity as the US Fed appears to have postponed withdrawal of its monetary stimulus for now, but also on account of our receding external risks,’ Angel Broking economist Bhupali Gursale said.
Next Story
