FIIs invest Rs 5,000 cr in Indian equities in two weeks
FIIs have helped push the benchmark BSE Sensex almost 690 points or 3.26 per cent so far
New Delhi: Foreign investors have poured in over Rs 5,000 crore in the Indian stock market for a strong mandate of the government to be elected in polls.
According the Securities and Exchange Board of India, Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 42,035 crore and sellers of stocks to the tune of Rs 36,967 crore till March 14, resulting in a net inflow of Rs 5,068 crore. FIIs also infused Rs 14,140 crore (USD 2.3 billion) in the debt market during the period.
Finance Minister, P Chidambaram also said that the fiscal and current account deficits are under control and the economy is more stable than it was 18 months ago.
FIIs, the major drivers of the Indian stock market, have helped push the benchmark BSE Sensex almost 690 points or 3.26 per cent so far. Overseas investors have purchased a net Rs 7,186 crore of stocks so far in 2014. They invested a net Rs 1,404 crore in equities in February and Rs 714 crore in stocks in January. There were 1,719 registered FIIs in the country and 6,318 sub-accounts.