Foreign investors pour Rs 26,000 crore into Indian market in June
Foreign investors pumped more than Rs 26,000 crore into the Indian market in June so far primarily on account of positive bias after polls and reform- oriented decisions taken by the new government.business Updated: Jun 15, 2014 15:23 IST
Foreign investors pumped more than Rs 26,000 crore into the Indian market in June so far primarily on account of positive bias after polls and reform-oriented decisions taken by the new government.
According to the data compiled by securities depositories, net investment by foreign investors into equity markets stood at Rs 10,359 crore, while in debt market it was Rs 15,806 crore -- a total of Rs 26,165 crore ($4.42 billion) -- in June so far.
Market analysts said that foreign investors continued their positive bias towards Indian markets after elections as well primarily on reforms oriented decisions taken by the new government.
Foreign investors, the main drivers of the equity market, have helped in pushing up the benchmark S&P BSE Sensex by over 4% so far this month.
Since the beginning of the year, foreign investors made a net investment of Rs 56,163 crore into the country's equities while they put Rs 61,925 crore in debt market in the period, taking the total to Rs 1.18 lakh crore ($19.6 billion).
The strong inflows in the recent months have taken the cumulative net investment of overseas investors into India to $190 billion or well over Rs 9 trillion (Rs 9 lakh crore).
This is based on data from November 1992 onwards, when foreign investors began investing into Indian markets, and includes about $155 billion into equities and about $35 billion in debt market.