FIIs Pour in Over $163 M in Equities

From Deccan Herald | Business |

New Delhi, Jan 5, 2014, PTI:

PTI file photo

Overseas investors have pumped in over $163 million in the Indian equity market so far in January, when the US Federal Reserve is scheduled to start reducing its monthly bond purchases by $10 billion.

Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 4,157 crore and sellers of equities worth Rs 3,148 crore till January 3, resulting in a net inflow of Rs 1,009 crore ($163 million), according to Sebi data.

FIIsĀ  invested Rs 1,746 crore in the debt market. Their total investment in debt and equity was about Rs 2,754 crore.

Starting this month, the US central bank will cut its bond purchases to $75 billion from$85 billion, according to a statement after the Federal Open Market Committee meeting on December 18.

Last month, the RBI ruled out any impact on domestic markets by the tapering of the US bond-buying programme.

As of January 3, the number of registered FIIs in the country stood at 1,738 and the total number of sub-accounts was at 6,392.



TAGS: CRORE, MARKET, JANUARY, BOND, BILLION

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