FIIs pour in Rs 14,000 cr so far in May

FIIs pour in Rs 14,000 cr so far in May

Overseas investors pumped in over Rs 14,000 crore this month as the new BJP government, set to take charge on Monday, is seen as reforms-oriented.

Foreign Institutional Investors (FIIs) purchased shares worth Rs 84,777 crore and sold equities amounting to Rs 70,553 crore, a net inflow of Rs 14,224 crore from May 2-23, according to Sebi data.

At the same time, foreign investors have infused a net amount of Rs 12,037 crore ($2.03 billion) in the debt market.

Market analysts said that foreign investors are betting on the new government under the Narendra Modi-led BJP as they see it initiating reforms to spur economic growth.

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