FIIs invest Rs 12,000 cr in equities

Adopting a bullish stance on India, foreign investors have pumped over Rs 12,000 crore into the Indian equity market this month so far. Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 15,362 crore, while they sold equities amounting to Rs 14,104 crore, translating into a net investment of Rs 12,573 crore ($258 million) thid month till March 9, as per the data available with market regulator Sebi. Since the beginning of 2012, FIIs have infused a total of Rs 36,827 crore ($7.42 billion) into the Indian stocks. The net inflow was $5.12 billion during February and $2 billion in January.