<p>Overseas investors have pumped in about Rs 8,381.10 crore (US$1.68 billion) in the Indian equity market in the month of March, taking the calendar year to date total to a whopping Rs 43,950.70 crore (US$8.89 billion).<br /><br /></p>.<p>During March, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 63,795.10 crore, while they sold equities amounting to Rs 55,413.80 crore, translating into a net investment of Rs 8,381.10 crore, as per data available with market regulator Sebi.<br /><br />With FIIs having already poured nearly US$9 billion so far this year, inflows from the investors are likely to touch US$10 billion in the next few weeks, analysts believe.<br /><br />“Their investments in the first quarter of this year is one of the highest investments in any quarter in the last 10-12 years. FII inflows are likely to cross US$10 billion mark in the next few weeks,” Religare Securities Executive Vice President & Head (retail research) Rajesh Jain said.<br /><br />Jain said the quantum of FII inflows goes to show that they still have confidence in the Indian economy. Regarding the P-notes, he said Finance Minister has given a positive statement and that was the reason behind the rally in the market on Friday.Participatory Notes (P-Notes) are instruments that allow foreign institutional investors (FIIs), which are not registered with market regulator SEBI, to invest in the Indian equity market. <br /><br />Meanwhile, the foreign fund houses have sold Rs 6,588.60 crore (US$1.29 billion) in the debt market last month. This takes their overall net investments into debt markets to Rs 4,157.30 crore (US$812.80 million) this year.<br /><br />FIIs had mostly stayed away from Indian equities in 2011 pulling out Rs 2,812 crore and instead, flocked towards the debt market with a net investment of Rs 20,293 crore.<br /></p>
<p>Overseas investors have pumped in about Rs 8,381.10 crore (US$1.68 billion) in the Indian equity market in the month of March, taking the calendar year to date total to a whopping Rs 43,950.70 crore (US$8.89 billion).<br /><br /></p>.<p>During March, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 63,795.10 crore, while they sold equities amounting to Rs 55,413.80 crore, translating into a net investment of Rs 8,381.10 crore, as per data available with market regulator Sebi.<br /><br />With FIIs having already poured nearly US$9 billion so far this year, inflows from the investors are likely to touch US$10 billion in the next few weeks, analysts believe.<br /><br />“Their investments in the first quarter of this year is one of the highest investments in any quarter in the last 10-12 years. FII inflows are likely to cross US$10 billion mark in the next few weeks,” Religare Securities Executive Vice President & Head (retail research) Rajesh Jain said.<br /><br />Jain said the quantum of FII inflows goes to show that they still have confidence in the Indian economy. Regarding the P-notes, he said Finance Minister has given a positive statement and that was the reason behind the rally in the market on Friday.Participatory Notes (P-Notes) are instruments that allow foreign institutional investors (FIIs), which are not registered with market regulator SEBI, to invest in the Indian equity market. <br /><br />Meanwhile, the foreign fund houses have sold Rs 6,588.60 crore (US$1.29 billion) in the debt market last month. This takes their overall net investments into debt markets to Rs 4,157.30 crore (US$812.80 million) this year.<br /><br />FIIs had mostly stayed away from Indian equities in 2011 pulling out Rs 2,812 crore and instead, flocked towards the debt market with a net investment of Rs 20,293 crore.<br /></p>