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What triggered it?
Last year saw an overdrive in investment by the FIIs. Over $10.7 billion was invested in the stock market.
Last year saw an overdrive in investment by the FIIs. Over $10.7 billion was invested in the stock market.
And if that wasn't enough, a curious confluence of investment flows took place. The emergence of strong domestic investors -- who had invested directly or though mutual funds or through private portfolio investment management -- drove the market ahead.
Experts say Indian investors in all categories may have pumped in around Rs 25,000 crore in the stock market -- of this, Rs 12,000 crore was routed though mutual funds. All told, the total investment flows into Indian equities last year was about $16 billion.
The year also saw mega deals, big MNCs coming to India (among them: Vodafone) and Indian firms going for overseas acquisitions.
This year, till now, the FIIs have invested over $1.05 billion.
