New Delhi, May 10: In just five trading sessions this month, the Indian equity market saw foreign investments to the tune of Rs 3,614 crore, accounting for 91 per cent of the overall purchases so far this year.
Foreign Institutional Investors (FIIs) have pumped in a net of Rs 3,614 crore in equities in May, which saw the Bombay Stock Exchange benchmark Sensex breaching the psychological 12,000-level, the highest in the last seven months.
Last week, FIIs made a gross purchase of equities worth Rs 14,447 crore and sold equities valued Rs 10,832 crore, resulting in net investment of Rs 3,614 crore, as per the data available with the market regulator Securities and Exchange Board of India.
So far this year, FIIs have made a gross purchase of equities worth Rs 1,35,692 crore and sold equities valued at Rs 1,31,721 crore, resulting in net investment of Rs 3,970 crore, Sebi data shows.
The previous week also recorded the biggest weekly infusion by the FIIs in the current calendar year. With a bulk investment of Rs 1,491.10 crore in a single day, FIIs remained net purchasers in equities in the remaining days.
However, analysts believe buying equities by the FIIs last week was just momentary as there was no specific reason to bring back their confidence.
"There was heavy buying by FIIs in a single day and on the other days they made normal investments. This week they would square-off their positions and wait for clarity for the general election results on May 16," Arun Kejriwal Head of Kejriwal Research and Investment Services said.
After pulling out a hefty Rs 52,987 crore from the Indian stock markets in 2008, which saw the Bombay Stock Exchange benchmark Sensex plunging 51 per cent, FIIs have turned net buyers during the last week of April.
The Sensex has gained over 23 per cent so far this year to touch 12,134.75 points, the highest level in the past seven months.
Indicating a revival in the stock market, the flight of FIIs back to the Indian markets saw an infusion of Rs 6,508 crore in the capital market in April alone, the highest monthly infusion so far this year.
An analysis of the data of foreign investment shows that the confidence of FIIs in the Indian equities started to build in the month of March, when they made a net investment of Rs 530 crore in stocks.
However, the investment was significantly less as compared to Rs 6,681 crore sell-off by them in the first two months of 2009.
"FIIs would be selling now as prices have gone up too soon. This week they will refrain from making any large scale purchases and would resort to selective profit booking," Unicon Financial Intermediaries chief executive Gajendra Nagpal said.
Subscribe to:
Post Comments (Atom)
3 comments:
Hi I'd love to thank you for such a great quality site!
Was thinking this would be a perfect way to introduce myself!
Sincerely,
Robin Toby
if you're ever bored check out my site!
[url=http://www.partyopedia.com/articles/fathers-day-party-supplies.html]fathers day Party Supplies[/url].
Hi There I'd like to thank you for such a great made forum!
Was thinking this is a perfect way to make my first post!
We believe the only way gain property it is usually a sensible plan to begin a savings or investing strategy as soon in life as possible. But don't despair if you have not begun saving your money until later on in life. With the help of hard work, that is consulting the best investment vehicles for your assets you can slowly but surely increase your finances so that it extends to a huge amount by the period you hope to retire. Inspect all of the achievable asset classes from stocks to real estate as investments for your money. A smartly diversified portfolio of investments in various asset classes will help your money grow through the years.
-Kelly Siemers
[url=http://urwealthy.com]currency exchange rates[/url]
Hello. My wife and I bought our house about 6 months ago. It was a foreclosure and we were able to get a great deal on it. We also took advantage of the 8K tax credit so that definitely helped. We did an extensive remodeling job and now I want to refinance to cut the term to a 20 or 15 year loan. Does anyone know any good sites for mortgage information? Thanks!
Mike
Post a Comment