FII inflow in stocks crosses Rs 24,000 cr

Overseas institutional investors have pumped in more than Rs 24,000 crore ($4.4 billion) in the Indian stock market in December, the highest in 10 months, taking total FII inflow for the year to over $24 billion.

In December, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 71,595 crore, while they sold equities amounting to Rs 47,412 crore. This translates into a net inflow of Rs 24,183 crore ($4.42 billion), according to market regulator Sebi data.

This is the highest net monthly investment by FIIs in stocks since February, when they had infused Rs 25,212 crore.

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