FII investment crosses $3 billion-mark in 2009 - Hindustan Times
close_game
close_game

FII investment crosses $3 billion-mark in 2009

PTI | By, New Delhi
May 21, 2009 03:30 PM IST

Foreign Institutional Investors (FIIs) inflow into the Indian stock markets has crossed the three-billion-dollar mark (over Rs 15,725 crore) so far this year, with as much as two billion dollar coming in just five trading sessions.

Foreign Institutional Investors (FIIs) inflow into the Indian stock markets has crossed the three-billion-dollar mark (over Rs 15,725 crore) so far this year, with as much as two billion dollar coming in just five trading sessions.

HT Image
HT Image

As per the latest data available with the Securities and Exchange Board of India (SEBI), FIIs made net purchases worth 3.2 billion dollars or over Rs 15,725 crore so far in 2009, with the stock market seeing major investments in the past three weeks.

Hindustan Times - your fastest source for breaking news! Read now.

On Tuesday alone, FIIs put in as much as Rs 5,044.8 crore (1.06 billion dollars) in the domestic share markets, the SEBI data shows.

"Since several past weeks, overseas fund houses are making investments in the many emerging markets and India is the part of that investment," brokerage firm Sharekhan's Research Head Gaurav Dua said from Mumbai.

Since last week, FII inflows increased significantly with net investments of Rs 4,085 crore on May 14, followed by 1,000 crore on May 18, Rs 53 crore on May 19 and again a huge Rs 5,044 crore on May 20.

However, during the period, the markets also witnessed sale of shares worth Rs 345 crore by the overseas investors, the SEBI data shows.

Since the beginning of new fiscal year, FIIs have started putting money in domestic stocks, including blue-chips.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On