FIIs pour in Rs 14000 crore in May
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Overseas investors have pumped in over 14,000 crore in Indian stocks so far this month as the new BJP government, which is to take charge tomorrow, is seen as being reforms-oriented. According to data from the Securities and Exchange Board of India, Foreign Institutional Investors (FIIs) purchased shares worth 84,777 crore and sold equities amounting to 70,553 crore, a net inflow of 14,224 crore rupees from May 2-23. At the same time, foreign investors have infused a net amount of 12,037 crore rupees in the debt market.
Given the decisive political mandate, analysts believe that Indian markets have the potential to get more inflows.
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