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Monday, October 05, 2009

FIIs continue to make heavy purchases

Inflow of Rs 1372.10 crore on 1 October 2009

Foreign portfolio investors continue to make a beeline for Indian stocks. Foreign institutional investors (FIIs) bought stocks worth a net Rs 1372.10 crore on Thursday, 1 October 2009. They had bought stocks worth a net Rs 1508.90 crore in the preceding trading session on Wednesday, 30 September 2009.

The net FII inflow of Rs 1372.10 crore on 1 October 2009 was a result of gross purchases Rs 4632.50 crore and gross sales Rs 3260.40 crore. Key benchmark indices ended little changed after witnessing wild gyrations on that day. The BSE 30-share Sensex rose 7.71 points or 0.05%, to 17,134.55, its highest closing since 21 May 2009.

Some large initial public offers and placement to qualified institutional investors by India Inc in recent past also attracted huge FII inflows. FII inflow in the calendar year 2009 has reached Rs 61497.60 crore so far in contrast to an outflow Rs 36991.70 crore in the corresponding period last year. The inflow includes subscription by foreign funds to American depository receipts and global depository receipts of listed Indian firms

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