FIIs take home Rs 48k cr in ’08-09
The Times of India, April 2, 2009, Page 19
TIMES NEWS NETWORK
Chennai: Fiscal 2008-09, which ended on Tuesday, saw FIIs taking out a whopping Rs 47,706 crore from the Indian stock market — that's around 90% of the Rs 53,000 plus crore invested by them in fiscal 2007-08. This was the first time in over five years that FIIs, the largest force in Indian stock markets, turned out to be net-sellers on fiscal basis i.e March to April. The trend doesn't look encouraging as the foreign investors have taken out another Rs 530 crore in the first day of the new fiscal 2009-10, as per provisional Sebi data.
Even though FIIs stepped up investments in last phase of the previous fiscal buying close to Rs 3,000 crore, after being in sell-mode for most part of the year, the sheer amount of stocks liquidated made them the biggest sellers of equity. FIIs made purchases of Rs 5.55 lakh crore starting April 1 2008 but by the close of the fiscal, had sold Rs 6.03 lakh crore. The effect: the BSE Sensex lost nearly 37% or 5,500 points in the same period.
In all the previous years, such as 2006-07 FIIs were net buyers to the tune of Rs 53,404 crore. FIIs were net buyers in 2006-07 (Rs 25,236 crore), 2005-06 (Rs 48,800 crore), 2004-05 (Rs 44,121 crore) and 2003-04 (Rs 39,959 crore), Sebi data shows. While FIIs invest all through the market, a significant portion of funds were invested helped the benchmark index gain 21 to 45 % in these fiscals.
Sensex starts ’09-10 with 193 pts gain
Mumbai: Dalal Street started the new financial year on a positive note. With real estate, oil & gas and IT stocks rallying, the BSE sensex inched closer to the five-digit mark again and ended at 9,902, up 193 points on the day. Institutional dealers said strong buying from domestic institutional investors, mainly the insurance companies which are flush with funds, led to a smart recovery for the market from early losses. They expect these investors to continue to pump in money into the stock market.
For Thursday, market players expect some profit taking ahead of the three-day weekend because of a trading holiday on Friday. Dealers feel given the market uncertainties within the country as well as outside, not many will be interested to keep positions open and Thursday could witness some profit taking after two consecutive sessions of rise. TNN
The Times of India, April 2, 2009, Page 19
TIMES NEWS NETWORK
Chennai: Fiscal 2008-09, which ended on Tuesday, saw FIIs taking out a whopping Rs 47,706 crore from the Indian stock market — that's around 90% of the Rs 53,000 plus crore invested by them in fiscal 2007-08. This was the first time in over five years that FIIs, the largest force in Indian stock markets, turned out to be net-sellers on fiscal basis i.e March to April. The trend doesn't look encouraging as the foreign investors have taken out another Rs 530 crore in the first day of the new fiscal 2009-10, as per provisional Sebi data.
Even though FIIs stepped up investments in last phase of the previous fiscal buying close to Rs 3,000 crore, after being in sell-mode for most part of the year, the sheer amount of stocks liquidated made them the biggest sellers of equity. FIIs made purchases of Rs 5.55 lakh crore starting April 1 2008 but by the close of the fiscal, had sold Rs 6.03 lakh crore. The effect: the BSE Sensex lost nearly 37% or 5,500 points in the same period.
In all the previous years, such as 2006-07 FIIs were net buyers to the tune of Rs 53,404 crore. FIIs were net buyers in 2006-07 (Rs 25,236 crore), 2005-06 (Rs 48,800 crore), 2004-05 (Rs 44,121 crore) and 2003-04 (Rs 39,959 crore), Sebi data shows. While FIIs invest all through the market, a significant portion of funds were invested helped the benchmark index gain 21 to 45 % in these fiscals.
Sensex starts ’09-10 with 193 pts gain
Mumbai: Dalal Street started the new financial year on a positive note. With real estate, oil & gas and IT stocks rallying, the BSE sensex inched closer to the five-digit mark again and ended at 9,902, up 193 points on the day. Institutional dealers said strong buying from domestic institutional investors, mainly the insurance companies which are flush with funds, led to a smart recovery for the market from early losses. They expect these investors to continue to pump in money into the stock market.
For Thursday, market players expect some profit taking ahead of the three-day weekend because of a trading holiday on Friday. Dealers feel given the market uncertainties within the country as well as outside, not many will be interested to keep positions open and Thursday could witness some profit taking after two consecutive sessions of rise. TNN
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