BUSINESS

Net FII inflows top $7 billion

By BS Research Bureau in Mumbai
December 18, 2003 10:00 IST

Net investment by foreign institutional investors in the domestic market this year now stands at $7.1 billion. This is more than double the previous best of $3.05 billion in 1996.

Of the $7.1 billion (Rs 32,924 crore) in net foreign institutional investment till December 16, 2003. Investment in equity stands at around $6.05 billion, while the rest is in debt.

In the past one month, FIIs poured nearly $1 billion into the Indian capital market. On November 14, their investment touched $6 billion.

FII investment in December (till December 17) touched $914 million (Rs 4,152 crore), up from $788 million in November. October saw the highest monthly net flow into the market at $1.47 billion (Rs 6,862.60 crore).

Also, there has been an exponential rise in inflow between September and October. While a net inflow of $0.96 billion was recorded in September, the figure shot up to $1.47 billion in October. In the first nine trading days of November, FIIs pumped in $0.57 billion.

Meanwhile, the Bombay Stock Exchange Sensex closed down 0.35 per cent at 5,418.23 points on Wednesday, after rising about 6 per cent in the past six sessions. It struck a 44-month closing high on Tuesday. The index is still up 60.4 per cent in 2003 and is Asia's second best performer.
BS Research Bureau in Mumbai

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email