Amid hopes of a stable and reform- oriented government after the general elections, foreign investors pumped in Rs 9,600 crore in Indian stocks in April, the eighth consecutive month of inflows.
Foreign institutional investors (FIIs) bought shares worth Rs 74,985 crore and sold stocks to the tune of Rs 65,383 crore, resulting in a net inflow of Rs 9,602 crore (USD 1.6 billion), according to data from the Securities and Exchange Board of India.
This was the eighth consecutive month of net inflows by foreign investors after they pulled out Rs 5,923 crore from the stock market in August.
FIIs withdrew Rs 9,185 crore (USD 1.51 billion) from the debt market last month.
- Shah Rukh Khan On Raees Clash With Kaabil: It’s Impossible To Have A Solo Release In India
- US-President Elect Donald Trump Named TIME’s Person Of The Year 2016
- O. Panneerselvam: 10 Things You Need To Know
- PM Narendra Modi Slams Opposition For Not Letting Parliament Function
- Nawazuddin Siddiqui On Working In Raees: Was Nervous To Shoot With Shah Rukh Khan
- Bathinda Dancer Murder: Video Showing Accused Opening Fire At Marriage
- 5 Lesser Known Facts About Sasikala Natarajan
- Congress Leader Shashi Tharoor’s Delhi Home Burgled: Here’s What Happened
- Reserve Bank Of India Keeps Repo Rate Unchanged Post Demonetisation
- Bigg Boss 10 Dec 06 Review: Swami Om Pees In Kitchen
- Lenovo k6 Power Video Review
- Bigg Boss 10 December 5 Review: Manveer Calls Swami Om ‘kachdaa’
- PM Narendra Modi Declared Winner Of TIME Magazine’s Person Of The Year – Reader’s Poll
- Paneerselvam sworn in as new Chief Minister of Tamil Nadu
- Tamil Nadu CM J Jayalalithaa Passes Away After Suffering Cardiac Arrest
According to market analysts, FIIs are bullish on India and expect a stable government to be formed after the Lok Sabha elections.
The strong inflow in recent months has taken the net investment by FIIs to Rs 32,377 crore (USD 5.3 billion) in Indian equities so far this year.
They invested Rs 20,077 crore in Indian stocks in March, compared with Rs 1,404 crore in February and Rs 714 crore in January.
There are currently over 1,700 registered FIIs in the country, along with about 6,400 sub-accounts.