FIIs pump over $254 m in stocks

Overseas investors have pumped in more than Rs 1,400 crore ($254 million) in the Indian stock market in the first week of March.

This takes their total investment tally to Rs 47,909 crore ($8.88 billion) in the country’s equity market in calendar year 2013 so far. During March 1-8, Foreign Institutional Investors (FIIs) were gross buyers of shares worth Rs 24,206 crore, while they sold equities amounting to Rs 22,795 crore, translating to a net investment of Rs 1,411 crore ($254 million), as per Sebi data. It seems that FIIs are preferring debt route over equity, as they have infused Rs 3,184 crore ($585 million) in the bond market in March 1-8 period.