Foreign institutions invest over US$3bn in Indian bourses in 2009

NEW DELHI, (Asia Pulse) – Foreign Institutional
Investors’ (FIIs) inflow into the Indian stock markets has
crossed the US$3 billion mark (over Rs 15,725 crore) so far
this year, with as much as US$2 billion coming in just five
trading sessions.

Since the beginning of new fiscal year, FIIs have started
putting money in domestic stocks, including blue-chips.(PTI) As per the latest data available with the Securities and
Exchange Board of India (SEBI), FIIs made net purchases worth
US$3.2 billion or over Rs 15,725 crore so far in 2009, with
the stock market seeing major investments in the past three
weeks.

On Tuesday alone, FIIs put in as much as Rs 5,044.8 crore
(US$1.06 billion) in the domestic share markets, the SEBI data
shows.

“Since several past weeks, overseas fund houses are making
investments in the many emerging markets and India is the part
of that investment,” brokerage firm Sharekhan’s Research Head
Gaurav Dua said from Mumbai.

Since last week, FII inflows increased significantly with
net investments of Rs 4,085 crore on May 14, followed by 1,000
crore on May 18, Rs 53 crore on May 19 and again a huge Rs
5,044 crore on May 20.

However, during the period, the markets also witnessed sale
of shares wo