FIIs put US$5.3 billion into Indian stocks

MUMBAI - Hoping for stable and reform-oriented Government after the general elections, foreign institutional investors pumped in Rs96,000 million  in Indian stocks in April, the eighth consecutive month of positive inflows. The strong performance in recent months has taken the net investment of FIIs to US$5.3 billion in Indian equities.

FIIs bought shares valued at Rs749,850  and sold stock to the tune of Rs653,830 in April, resulting in a new inflow of Rs96, 020 million (US $5.3 billion), according to data from the Securities and Exchange Board of India. By August last year, FIIs had pulled out Rs59, 230 million out of the Indian stock markets (N Hariharan – ATI).