Foreign fund inflow touches $4.64 billion in September

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange has soared over 11 percent and closed at 20,045.18 points on Sep 24.

FIIs Friday put in $297.39 million, taking total investment in Indian shares to $17.5 billion so far this year.

An expected 8.5 percent economic growth during the current fiscal and robust domestic demand have helped build confidence of not only Indian enterprises, but also foreign fund managers who look to divert funds from their home markets to the emerging regions of growth.

The Sensex has gained nearly 15.3 percent this year helped mainly by continued FII inflows.
FIIs had pumped in a record $17.45 billion into the equities market in 2009, but started exiting in early 2010. In January, they were net sellers to the tune of $94.48 million.

But from February, the scenario changed with foreign funds buying scrips worth $269 million in the month. In March, it was over $4.3 billion and in April the net buys was over $2 billion.
May, however saw a huge sell-out, with FIIs dumping stocks worth $2.1 billion.

The buying has been fairly consistent since, with FIIs lapping up stocks worth $2.27 billion in June, $3.5 billion in July and $2.4 billion in August.

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