measures to boost the weakening rupee and revive economic growth. After that the inflows continued till the fiscal year-end.
The momentum of fund inflow in stocks picked up in the month of March on hopes that BJP-led government will come in power in general elections starting next month.
Many market experts expect a BJP-led government would be more pro-reform and speed up legislative steps needed to spur economic growth.
According to market experts, FIIs preferred sectors like software, pharmaceuticals and biotechnology; financial services and food, beverages and tobacco among others.
As per Sebi data, the total number of registered FIIs dropped to 1,710 as on March 28 from 1,757 last fiscal year.
Also, the number of registered sub-accounts pegged at 6,344 against 6,335 in 2012-13. The sub-accounts include foreign firms, individuals and institutions on whose behalf FIIs make those investments.