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Tuesday, April 17, 2012

FIIs invest US$ 62.33 million in equity market in April so far

New Delhi: Foreign institutional investors (FIIs) made a net investment of Rs 322 crore (US$ 62.33 million) in the equity market upto April 13, 2012, according to data released by the Securities and Exchange Board of India (SEBI). During January-March 2012, net inflows stood at around Rs 44,000 crore (US$ 8.52 billion).

Since the beginning of 2012, investment by overseas investors into the Indian stock market has reached Rs 44,273 crore (US$ 8.57 billion), out of which Rs 26,329 crore (US$ 5.10 billion) was invested in January, Rs 25,212 crore (US$ 4.88 billion) in February and the remaining Rs 8,381 crore (US$ 1.62 billion) in March 2012.

The strong FII inflow during January-March 2012 was mainly due to reversal in the Reserve Bank of India’s monetary policy stance and subsequent impact of the improved liquidity position.

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