Macroeconomic data, trend in investment by foreign institutional investors, progress of monsoon rains and global cues will dictate trend on the domestic bourses this week, say experts. On the macro front, industrial production data for April will be released on Thursday. Data for inflation based on consumer price index (CPI) for May will also be announced on Thursday, while the one based on wholesale price index (WPI) will be out on June 16. Onset of monsoon is expected to ease prices of food grains, helping the RBI to control sticky inflation, say experts. FIIs pump Rs 29,772 cr in debt market in May, best show in 29 months Overseas investors have poured in a staggering Rs 19,772 crore into the Indian debt market in May, the highest monthly inflow in about two and a half years, emboldened by hopes of economic recovery after Narendra-Modi led BJP stormed to power at the Centre. The net inflow last month came after Foreign Institutional Investors (FIIs) had pulled out net amount of about Rs 9,200 crore in April. According to market experts, FIIs have pumped in huge investments in the Indian debt market on hopes that the new government will take steps to revive the economy and a favourable interest rate scenario. Non-life insurers premium income up 12% in March at R77,541 cr Non-life insurers earned gross premium of Rs 77,541.50 crore in March 2014, up 12.2 per cent from a year ago, as per data available with the Insurance Regulatory and Development Authority (Irda). The non-life insurers had underwritten gross premium of Rs 69,086.49 crore in March 2013. Segment-wise, the highest premium was written in motor insurance at Rs 33,887.77 crore in March, up 14.4 per cent from a year ago, while premium earned towards motor OD (own damage) grew by 6.1 per cent to Rs 18,204.92 crore. Among other categories, health insurance premium witnessed a rise of 13.5 per cent at Rs 17,623.91 crore in March 2014 and premium towards motor TP (third party) increased substantially by 25.7 per cent to Rs 15,682.85 crore. Mutual funds garner R1.5 trillion in May, highest in 3 years Investors pumped in a net Rs 1.5 trillion in various mutual fund schemes in May, the highest amount in more than three years. Investors had poured in Rs 1.09 lakh crore in April. Industry experts attribute the rise in inflows to improved market sentiment over the past two months and steps by the Securities & Exchange Board of India, the capital market regulator, to make the mutual fund sector more attractive. According to industry experts, inflows into mutual funds may increase in the months ahead. Mutual funds pool money raised from the public and invest it on their behalf in accordance with a stated set of objectives.
