FII infusion tops $60bn
Times of India, June 11, 2009, Page 19
Kumar Shankar Roy TNN
Chennai: Total investments by FIIs in domestic equities have crossed the $60 billion mark — the first time since June 2008 — in what could be gauged as renewed commitment by overseas investors to the Indian stock market.
Since March this year, foreign investors have once again started aggressive buying as they have pumped in nearly $7 billion in just 60 days, according to Sebi data. Extrapolating the numbers would mean that the FIIs have invested (net) of around $120 million every day since March 9. This has led to the net investment position of FIIs increase from $53.3 billion in March 9 to over $60.3 billion till June 10.
The data pertains to all the activities undertaken by FIIs in Indian securities market, including trades done in secondary market, primary market (IPO) and activities involved in right/bonus issues, private placement, merger & acquisition. As on date, the number of registered FIIs is 1,660 and the number of registered sub-accounts has crossed the 5,000 mark.
The sheer pace of incoming foreign money has made FIIs net buyers to the tune of $5.2 billion in 2009 even as they were net sellers of nearly $12 billion in 2008, Sebi data showed.
Times of India, June 11, 2009, Page 19
Kumar Shankar Roy TNN
Chennai: Total investments by FIIs in domestic equities have crossed the $60 billion mark — the first time since June 2008 — in what could be gauged as renewed commitment by overseas investors to the Indian stock market.
Since March this year, foreign investors have once again started aggressive buying as they have pumped in nearly $7 billion in just 60 days, according to Sebi data. Extrapolating the numbers would mean that the FIIs have invested (net) of around $120 million every day since March 9. This has led to the net investment position of FIIs increase from $53.3 billion in March 9 to over $60.3 billion till June 10.
The data pertains to all the activities undertaken by FIIs in Indian securities market, including trades done in secondary market, primary market (IPO) and activities involved in right/bonus issues, private placement, merger & acquisition. As on date, the number of registered FIIs is 1,660 and the number of registered sub-accounts has crossed the 5,000 mark.
The sheer pace of incoming foreign money has made FIIs net buyers to the tune of $5.2 billion in 2009 even as they were net sellers of nearly $12 billion in 2008, Sebi data showed.
Posts
No comments:
Post a Comment