JOIN USForeign institutional investors (FIIs) purchased stocks worth about Rs 11,000 crore in the Indian stock markets in August, the highest since February, amid hopes of government initiatives on policy reforms and easing of monetary policy globally.
The investments in stocks and debt by FIIs as of August this year stood at Rs 63,070 crore and Rs 24,518 crore.
In August, Foreign institutional investors were gross buyers of shares worth Rs 48,136 crore, while they sold equities amounting to Rs 37,332 crore — net inflow of Rs 10,803 crore ($ 1.94 billion), according to the data available with market regulator Sebi. In July, they had pumped in Rs 10,273 crore.
Market experts said that despite slowing economic growth and a high interest rate regime, FIIs continued to prefer Indian equities on expectations that government would take fresh policy initiatives.