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FIIs invest Rs 1646 cr in 8 days

September 21, 2005 16:50 IST
By BS Markets Bureau in Mumbai

For the Sensex, the journey from 8000 to 8500 has been the fastest.

The 500-point rally has happened in just eight trading sessions during which, foreign institutional investors poured in Rs 1646 crore (Rs 16.46 billion).

However, the addition to the market capitalisation has been the lowest at Rs 1.08 lakh crore in this latest 500-point gain.

Dissecting the market movement since January 2004, when the Sensex went past the 6000-point mark for the first time, it is clear that the market is moving ahead with greater conviction.

Since January 2004, investors' wealth on the Bombay Stock Exchange has gone up by Rs 9.42 lakh crore. FIIs have bought stocks worth Rs 74,289 crore (Rs 742.89 billion) during this period.

Currently, while foreign fund flows are swelling, domestic mutual funds are also providing buying support driven by better collections from retail investors.

Retail investors are also getting drawn into the market, seeing the relentless rise in stock prices.

BS Markets Bureau in Mumbai
Source:

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