FIIs bought stocks worth $1 bn in June
July 3rd, 2011 - 4:26 pm ICT by IANS
Mumbai, July 3 (IANS) Foreign funds were net buyers at the Indian equities markets to the tune of $1.014 billion in June, according to data available with the capital markets regulator.
Foreign institutional investors (FIIs) picked up their buying rate in the last few days of trading in June, when the Indian equities markets saw a rally. The Sensex infact added close to 1,300 points from June 22 to June 30.
The last four trading days alone saw FIIs buying over $1 billion in stocks, according to data available with the Securities and Exchange Board of India.
FII buying also helped the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) post net gains in June, moving up 342.59 points or 1.85 percent to 18,8445.87 points as on June 30.
FII participation has improved after a slowdown in food inflation figures and an increase in diesel and kerosene prices by the government — a signal that some important reforms and legistlations would be pushed in the coming monsoon session of parliament.
For 2011, foreign institutional investors (FII) were net buyers worth $631.7 million.
Leading brokerages say the next few weeks could see stocks rallying again and if that happens FII participation in Indian equities can improve dramatically.
Foreign funds had been instrumental in the Indian markets rally in 2010, buying in $29.36 billion worth of stocks. This year, they have been a bit hesitant and their net buying till June 30 stood at $631.7 million.
- Overseas funds bought Indian stocks worth $282 mn during week - Jul 31, 2011
- 'Qualified foreign investors can directly invest in equity markets' - Jan 01, 2012
- Foreign funds pumped in over $1.5 billion in March - Apr 03, 2011
- Foreign funds pump in over $1.16 bn till Jan 20 - Jan 22, 2012
- Foreign fund inflows top $3 bn in six days - Oct 09, 2010
- Overseas funds sell $22.39 million in equities - Sep 25, 2011
- Foreign funds sell $329.5 mn worth of stocks during week - Jun 19, 2011
- Overseas funds sell over $259 million in equities - Sep 18, 2011
- Foreign funds inflow slackens even as markets gain - Feb 20, 2011
- Foreign funds infuse over $2.6 bn in Indian equities - Sep 19, 2010
- Year of steep losses, volatility for Indian equities (2011 in retrospect) - Dec 31, 2011
- Foreign funds sell over $260 mn in equities during week - Dec 18, 2011
- FIIs pumped in $6.42 bn in October - Oct 31, 2010
- Sensex closes 85 points up, Bharti drags (Roundup) - Feb 08, 2012
- Overseas funds sold $1.5 bn in August - Aug 21, 2011
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