Sunday, February 3, 2013

Indian Equities got $4 billion of FII inflows in Jan 2013

FIIs continue to pump money into Indian Stock Markets on the back of improving domestic outlook and expected interest rate cuts in current year. They purchased shares worth Rs 77,859 crore, while they sold equities amounting to Rs 55,800 crore translating into a net inflow of Rs 22,059 crore ($4.05 billion), according to Sebi data. 

This was the seventh straight quarter of net investment by FIIs in the Indian equities market starting July, 2012. 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 a record inflow of Rs 1.33 lakh crore ($29 billion) in 2010.

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