SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

FIIs invest Rs 4,800 cr in August so far

Investors seem to be unperturbed by slow growth and poor monsoon

Related News

Overseas investors seem to be unperturbed by the country's slow economic growth and weak monsoon as they pumped nearly Rs 4,800 crore into stock markets this month so far.

During August 1-10, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 17,544 crore, while they sold equities amounting to Rs 12,750 crore, translating into net inflows of Rs 4,794 crore, according to the data available with the Securities and Exchange Board of India (SEBI).

Market experts said foreign investors have sidelined concerns over weak monsoon, slowing economic growth and a high interest rate regime, mainly on hopes that government would initiate fresh reforms initiatives.

"With the government indicating a softer stance on the controversial General Anti-Avoidance Rules (GAAR) and retrospective taxation issues, many which had stayed away with the Indian equities are once again coming back to India," a stock broker said.

Another analyst Destimoney Securities MD and CEO Sudip Bandhopadhyay said, "The huge FII inflows were not driven by the country's fundamentals, its mainly because of the global factors such as ECB and the US Federal Reserve. In India, there are some concerns like weak monsoon, slowing economic growth among others."

Industrial production declined by 1.8 per cent in June mainly due to sharp dip in manufacturing and capital goods sectors, official data showed last week.

On the hand, FIIs withdrew Rs 143 crore from the debt market this month.

FIIs poured in Rs 10,273 crore in the stock market last month after a pull out of Rs 1,957 crore in the April-June quarter.

Buoyed by strong inflows, BSE's benchmark Sensex rose 321 points, or 1.8 per cent, this month so far to settle at 17,236.18 points on Friday.

After taking the latest inflows into account, FIIs investment in the equity market stood at Rs 57,060 crore so far in 2012 and Rs 24,109 crore in the debt market during the same period.

The number of registered sub-accounts has risen to 6,362 as on August 10 from 6,278 at the end of last year, while the number of registered FIIs has fallen to 1,756 from 1,767 during the same period.

 

Read more on:   
|
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Recommended for you

Quick Links

Market News

BSE revises annual listing fee of companies for FY16

The exchange has also made changes to various slabs of companies for the payment of listing fees

Sensex gains 100 points; Nifty aims 9,000, RIL up 4%

The 30-share Sensex was up 90 points at 29,549 and the 50-share Nifty was up 20 points at 8,977

RIL margins to rise to six-year high: CLSA

Shares up 5% on brokerage upgrade; report warns about rising expenditure in telecom

Mentha oil up 0.9% on rising demand

Oil for delivery in March edged up by 0.83%

Cardamom up 1.3% as demand picks up

Spice for delivery in March fell 0.61%

 

Back to Top