FIIs pump in nearly Rs 11000 crores since Budget

by khalid on 13/03/2010 · 0 comments

FII’s have injected nearly Rs 11000 crores into Indian stock markets since Budget day the 26th Feb 2010. This reflects the confidence of foreign investors in the Indian growth story. However domestic institutional investors (DII) money is going out of the market in the same period of time. Life Insurance Corporation (LIC) was probably the cleverest investors. It invested in the carnage and now is booking profits. Even the good Index of Industrial Production (IIP) data for the month of January 2010 could not able to become a trigger for the markets. IIP grew 16.7% as against 1% in January 2009.

FII inflow of Rs 80500 crore in 2009 has broken the previous high of Rs 71486 crore inflow by foreign investors in domestic equities in 2007.

Most of the market analysts believe that the FII inflow in India may continue , if the groath rate remain strong. All the sectors, except consumer non-durables, showed good growth.

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