 "FII equity investment touches $14 bn")
On Friday, foreign institutional investors (FIIs) were net buyers for the 10th straight session at Rs 182 crore. The BSE Sensex closed up 0.2% at 27,061 while the NSE Nifty ended at 8,105 up 0.2%.
FIIs have been heavy buyers of Indian equities since the beginning of the year on expectations of a change in government at the centre. Even with the US markets improving and the tapering of the US Federal Reserve's stimulus package, FIIs continued to pump in money as growth expectations in the economy improved. FII-buying pushed Indian markets higher. The Sensex and Nifty are up about 28% each, year-to-date.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%