FII inflows hit $5.7b in May

Tags: FII, Stock Market
Overseas investors pumped in nearly Rs 34,000 crore in the Indian market last month on hopes that the new government at the Centre would push reforms and spur economic growth.

As per data compiled by capital markets regulator Sebi, net investment by FIIs into Indian equities in May was Rs 14,006 crore ($2.35 billion), while in the debt market it stood at Rs 19,772 crore ($3.34 billion) taking the total to Rs 33,778 crore ($5.7 billion).

Market analysts said foreign investors are betting on the Narendra Modi-led BJP government as they see it initiating reforms to spur economic growth on the back of clear majority it has won last month in the general elections.

Given the decisive political mandate, they believe that Indian markets have the potential to get more inflows.

FIIs, main drivers of the equity market, have helped push up the BSE 30-scrip index, Sensex, by over 8 per cent in May.

They had invested Rs 9,602 crore in Indian stocks in April, compared with Rs 20,077 crore in March, Rs 1,404 crore in February and Rs 714 crore in January.

Currently, there are 1,709 registered FIIs in the country, along with to 6,450 sub-accounts.

The strong inflows in the recent months have taken the net investment by FIIs to Rs 45,804 crore in Indian equities so far this year, and over Rs 46,000 crore in the debt market, taking the total to Rs 91,000 crore.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Customer orientation needs human touch

In the mid-1990s, while researching drivers of corporate excellence, we ...

Kuruvilla Pandikattu SJ

Can religion help us protect our planet?

Though not factually true, in popular imagination, the relationship between ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture