13 October, 2009

Indian stocks attract Rs 34,300-cr foreign fund in Q2

Betting big on Indian stocks, one of the best among the emerging markets, foreign fund houses have invested a hefty Rs 34,313 crore in equities during the second quarter of this fiscal, as per the data available with the market regulator the Securities and Exchange Board of India (SEBI). The trend of strong FII inflows to the tune of Rs 31,000 crore or USD 6.3 billion witnessed during Q1 FY2010 gained further strength during the September quarter this fiscal

With this, total cumulative FII inflows in 2009 crossed the USD 10 billion mark during September 2009 and stood at about Rs 60,000 crore (USD 12.4 billion) at the end of the month. Indian markets gave 19 per cent return to those who invested during the July-September period. In the latest quarter, September saw the highest monthly inflow of Rs 18,300 crore. While fund flow in August was Rs 4,900 crore, in July it was Rs 11,000 crore. FIIs invested about USD 17.7 billion (about Rs 70,000 crore) in 2007, the highest ever so far.