FIIs bought $1 bn stocks in June
Mumbai, July 3: 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. (IANS)
Lastupdate on : Sun, 3 Jul 2011 21:30:00 Makkah time
Lastupdate on : Sun, 3 Jul 2011 18:30:00 GMT
Lastupdate on : Mon, 4 Jul 2011 00:00:00 IST
- MORE FROM BUSINESS
Srinagar, July 3: Police have booked three persons, including a doctor, for running an illegal abortion clinic in heart of the city. A police official said that they had got an input that illegal More
- Srinagar City
Leave apart two lanes, even single tube incomplete in July
Srinagar, July 3: Furthering embarrassment over delay in the completion of flyover at Hyderpora square, the project pending for the past five years has missed another deadline puncturing the government More
GK NEWS NETWORK
Ramsu (Ramban) July 3: People’s Democratic Party patron and former Chief Minister, Mufti Muhammad Sayeed Sunday said the previous PDP-Congress coalition in Jammu and Kashmir had carved out a path of equitable More
Srinagar, July 3: A one day community mobilization programme under NEPGEL of SSA was held at Government Boys Middle School Chandgam Pulwama. ZEO Tahab was the chief guest on the occasion, a More
Says M/s Forex Achievements is fake
GK NEWS NETWORK
Srinagar, July 3: Beware, a company enticing you to deposit amounts with it, even showing “certificate of registration” from RBI to sound credible can be a fraud. To ensure your investments/deposits with More
PRESS TRUST OF INDIA
New Delhi, July 3: An all-party meet on Lokpal today agreed that a "strong and effective" bill should be brought in the Monsoon session of Parliament with consensus on maintaining the supremacy of Parliament More