FII inflow in stocks surpasses Rs 24,000-cr mark in December
Dec 30, 1:19 PM
Overseas institutional investors have pumped in more than 24,000 crore rupees in Indian stock market in December, the highest in ten months. Foreign Institutional Investors (FIIs) were gross buyers of shares worth 71,595 crore rupees, while they sold equities amounting to 47,412 crore rupees.
Market regulator SEBI report indicates a net inflow of 24,183 crore rupees to Indian stocks market this month only. This is the highest net inflow in this month by FIIs since their entry into Indian capital markets in 1992. In February this year, FIIs had infused infused 25,212 crore rupees.
Market experts predict that in absence of growth in the global economy, the Indian market continue to look attractive and hopes of a rate cut by the Reserve Bank of India early next month.
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