FII inflows hit records in Sept
Foreign institutional investors (FIIs) pumped in R1,307 crore on Tuesday, taking the net FII inflow to its highest-ever monthly and also the highest ever in a calendar year in rupee terms till date.business Updated: Sep 28, 2010 21:00 IST
Foreign institutional investors (FIIs) pumped in R1,307 crore on Tuesday, taking the net FII inflow to its highest-ever monthly and also the highest ever in a calendar year in rupee terms till date.
FII inflow for the month of September stood at R24,083 crore and that for the calendar year stood at R83,465 crore.
The previous high in a month was at R23,872 crore in July 2007 and the previous high in a year was R83,396 crore in the calendar year 2009.
The record inflow during September has led to a sharp rise in the capital markets and the Sensex of the Bombay Stock Exchange has already risen 2,133 points, or 11.9 per cent. The index closed at 20,105 on Tuesday.
Even as stock markets are witnessing a pause as a result of profit-booking, foreign funding show no signs of abating.
According to experts, foreign funds are flowing into not just the secondary market but also through the primary market and hence there is no need to panic.
“Other than the secondary market, a lot of money has also come into the primary market and also through the QIP route and hence I am not very concerned,” said C.J. George, CEO, Geojit BNP Paribas Financial Services.