FII invested Rs 79,709 crore in equity market during FY14

New Delhi: Foreign institutional investors (FIIs) have invested around Rs 79,709 crore (US$ 13.25 billion) in the Indian equity market during FY14, according to data released by Securities and Exchange Board of India (SEBI).

This was the fifth consecutive fiscal year inflows by foreign investors after pulling out a net amount of Rs 47,706 crore (US$ 7.94 billion) from the share market in 2008-09.

Foreign investors invested hugely in the domestic equities markets in 2013—14 because Indian equity markets gave one of the best returns among the emerging countries, according to market analysts.

“FIIs are expected to be bullish on Indian stocks in 2014, despite the US Federal’s decision on tapering,” said Mr Sudeep Bandhopadhyay, MD and CEO, Destimoney Securities.

In the 2012—13, overseas investors had pumped in nearly Rs 28,334 crore (US$ 4.72 billion) in the debt securities. “Overseas investors are looking forward to a stable government that can move reforms process faster, irrespective of which political party comes to power at the Centre,” added Mr Bandhopadhyay.

FIIs started the financial year on a positive note and infused more than Rs 26,000 crore (US$ 4.33 billion) in the first two months of FY14 on the back of various reforms initiated by the Government of India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.