New Delhi: The net foreign fund investments has crossed the US$ 100 billion mark on November 8, 2010, since the foreign investors were allowed to make investments in the Indian stocks in 1992.
With an addition of US$ 1.6 billion, as per the data from Securities and Exchange Board of India (SEBI), the figure now stands at US$ 100.9 billion. Taking the indication from the trend of the strong inflow of foreign institutional investors (FII) money into the India market, it was expected that the inflows would cross this milestone before the end of 2010.
Significantly, the net FII inflows into the market has already crossed US$ 3.5 billion, during the first eight days of the November 2010. A third of the total inflow came from the Coal India IPO.
In addition, so far this year, there has been a net FII inflow of US$ 28.3 billion, an all-time peak, as per the SEBI data.
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