FIIs bring Rs 3,614 cr in 5 days

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.

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.

HT Image

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.