- High Court directs ICICI Lombard General Insurance Company to pay Rs 46 lakh to victim's kinReliance Capital Limited quarterly net profit declines by over 19 per centHero Cycles to set up 2 new plants, invest Rs 200cr by 2014Merger & Acquisition tally at $1.66 bn, rise in inbound deals: Thornton
Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January.
During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they sold equities amounting to Rs 26,005 crore -- a net inflow of Rs 11,993 crore (USD 2.2 billion), according to the data available with market regulator Sebi.
FII net investments had plunged to the lowest level in 16 months during April, attracting net inflow of Rs 5,414 crore. Market experts attributed current inflows to improved global liquidity situation and some softening in crude as well gold prices, which may help contain the already very high Current Account Deficit. They said inflows slowed last month because of a slew of factors such as profit-booking, high CAD and politicaluncertainty.
Apart from equity, FIIs have also poured in Rs 8,788 crore (USD 1.62 billion) into the debt market during the month taking the total investment to Rs 26,866 crore (about USD 5 billion) in the segment so far this year. FIIs, the main drivers of the Indian stock market, have pushed up the BSE 30-stock index, Sensex, by 782 points or four per cent in May so far to 20,286.12 points (Friday's close).
As on May 10, the number of registered FIIs in India were 1,770 and total number of sub-accounts were at 6,407.