The cumulative inflows from foreign institutional investors (FIIs) have crossed the $22-billion mark in the current calendar year. This is the highest-ever inflow in one calendar year since 2010 and the second-highest in the last 14 years.
According to the BSE and Bloomberg data, FIIs pumped in more than $3 billion into Indian equities during the last fortnight on hopes the government will take more steps to boost economic growth.
Data also show that the Indian market has attracted the highest amount of foreign flows compared with its Asian peers so far. South Korea stood second with inflows worth $13.75 billion since January, followed by Japan ($11.36 billion), Taiwan ($4.94 billion) and the Philippines ($2.3 billion).
Experts said that the market was seeing revival in domestic retail and individual investors sentiment. With the government announcing series of reforms measures in September, foreign institutions have expressed their positive stance on Indian equities.
