FIIs pour Rs 17,000 cr in Indian markets in July

Tags: Stock Market
Continuing to bet big on the reform agenda of Narendra Modi-led government, overseas investors have poured in nearly Rs 17,000 crore in the Indian markets since the beginning of the month.

Net investments by foreign investors in equity market stood at Rs 7,505 crore ($1.25 billion) till July 11. Net inflow for the debt market was Rs 9,286 crore ($1.55 billion), taking the total amount to Rs 16,791 crore ($2.8 billion), shows the latest data.

Market analysts believe that foreign investors have been betting on the Indian market mainly on reform agenda of the new government at Centre.

Also, they anticipate that inflows would continue in the coming months as Finance Minister Arun Jaitley has announced several measures in Budget to enthuse investors.

"From a stock market perspective, the investment push in the budget both directly via government spending as well as tax cuts together with higher FDI limits in insurance and defence and a bunch of steps to ease taxation should augur well...," US financial services major Morgan Stanley said in a note.

Since the beginning of the year, foreign investors have made a net investment of Rs 1.4 lakh crore (about $23 billion) into the country's securities market. This includes a net investment of Rs 67,300 in equities and Rs 72,120 crore into debt market.

From the beginning of June, FIIs (Foreign Institutional Investors) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Sebi to create a new investor category called Foreign Portfolio Investors.

The strong inflows in the recent months have taken the cumulative net investments of foreign investors into India to to $194 billion. In rupee terms, their investments are at Rs 9.3 lakh crore level.

This is based on the data since November 1992 when foreign investors began investing into Indian markets and includes about $157 billion investments into equities and about $37 billion in debt markets.

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E-mail ID will not be published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

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

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

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture