Dalal Street gets $50 bn FII bonanza
December 04, 2006 Rediff.com
The foreign institutional investors party continues on Dalal Street unabated, with net investment by FIIs in stock markets surging past the $50-billion milestone for the first time in the country's history.
Despite a brief lull in first half of this year, the grand total of FII investment in equities rose to an all-time high of $50.025 billion on Friday, the latest data available with stock exchanges shows.
Add to this about Rs 5,500 crore (Rs 55 billion) invested by the FIIs in debts and the total FII investment in the country since their entry soars to over $51.13 billion, the Securities and Exchange Board of India data shows.
Foreign funds have been net buyers throughout this year except in May, when the markets had plunged sharply, largely due to a sell-off by overseas investors.
more...
The foreign institutional investors party continues on Dalal Street unabated, with net investment by FIIs in stock markets surging past the $50-billion milestone for the first time in the country's history.
Despite a brief lull in first half of this year, the grand total of FII investment in equities rose to an all-time high of $50.025 billion on Friday, the latest data available with stock exchanges shows.
Add to this about Rs 5,500 crore (Rs 55 billion) invested by the FIIs in debts and the total FII investment in the country since their entry soars to over $51.13 billion, the Securities and Exchange Board of India data shows.
Foreign funds have been net buyers throughout this year except in May, when the markets had plunged sharply, largely due to a sell-off by overseas investors.
more...
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