FIIs pump back one-third of last year's outflows

FIIs pump back one-third of last year's outflows

After pulling out a hefty Rs 52,987 crore from the Indian stock markets in 2008, which saw the BSE benchmark Sensex plunging 51 per cent, FIIs have turned net buyers since from the last week of March this year.

Major gains

Overseas investors started investing in Indian scrips and have put in Rs 15,638.10 crore, that is about one-third of last year’s total outflows so far in 2009, the latest data available with the SEBI shows. So far in 2009, FIIs have made gross purchase of shares worth Rs 1,76,245.80 crore, while they sold equities worth Rs 1,60,607.70 crore, resulting in a net investment of shares worth Rs 15,638.10 crore, the data shows.

Significantly, the BSE’s benchmark index Sensex gained nearly 44 per cent so far this year to touch 14,302 points, the highest level in the past seven months.  The week ended May 22 saw over Rs 6,000 crore coming in from overseas investors.

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