FIIs pumped in more than Rs 9,000 crore in India's equity market till date in September 2012
Betting high on India's reform initiatives, foreign investors have pumped in more than Rs 9,000 crore (about USD 1.67 billion) in the country's equity market so far this month.
Analyst expects inflows will continue in the coming months as well.
Foreign Institutional Investors (FIIs) investment in the country's equity market has reached to Rs 72,215 crore (USD 13.97 billion) so far in 2012.
Market analysts believe that huge inflows was mainly on account of recent big-ticket announcements by government, including operationalisation of 51 per cent FDI in multi-brand retail, allowing foreign carriers to buy up to 49 per cent stake in domestic airlines.
Further, liberalisation of the broadcasting sector would prove as major sentiment lifter for foreign investors, they added.
"FIIs inflows was driven by policy reforms announced by the government last week and I think they will continue to invest in the domestic equity market in next six to eight months as well," Wellindia Vice President Research Vivek Negi said.
"We hope that government would continue with its reform initiatives in other sector, he added.
During September 1-21, FIIs were gross buyers of shares worth Rs 39,037 crore, while they sold equities amounting to Rs 29,892 crore, translating into a net investment of Rs 9,145 crore, according to data available with the market regulator Sebi.
Apart from equities, FIIs also invested Rs 909 crore in the debt market during the period under review.
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THE SHREWD CLUB WITHIN THE NAÏVE BILDERBERG CLUB- VADAKAYIL.
And if you want to know how the Bilderberg bankers control the world using their stooges on the PM’s and Presidents chair—
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THE MURKY TRUTHS OF INFLATION AND GLOBALISATION- VADAKAYIL
The banking cartel had been given a toe hold in India, by giving away FDI in multi-brand retail and FDI in insurance.
Insurance affects transport costs and trade costs -- it requires perception to understand all this.
We are confusing GDP with economic progress. We are destroying entrepreneurial activity and eating our own children. Fitch , S&P and Moody’s are bouncers for the banking cartel. The economics of Rothschild’s Indian alchemist Manmohan and his gunslinger Montek is VULGAR pseudo science.
The Indian intelligentsia must wake up!
DORKS and desh drohis shall lay off !
Capt ajit vadakayil
..