FII net purchases cross $24 billion in 2012

Foreign institutional investors have completed net purchases of over $24 billion into shares this year so far. On Monday, they shopped for equities worth $719.49 million, which is highest single-day purchase since October 5 this year, when FIIs had shopped for equities worth $776.38 million.

As on Wednesday, FIIs’ year to date purchases stand at $24.18 billion, a period when the benchmark BSE Sensex gained more than 25%.

FIIs bought shares worth $136 million on Wednesday, according to provisional figures released by the BSE. The monthly purchases in December have amounted to $4 billion, the highest monthly collection since February.

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Data show Indian market attracted the highest amount of foreign flows compared with its Asian peers so far. Japan stood second with $16.02 billion of overseas inflows since January, followed by South Korea ($15.24 billion), Taiwan ($4.76 billion) and Philippines ($2.5 billion).