Monday, April 19, 2010

FIIs pump money each single day since Feb 26, 2010

The Foreign institutional investors (better known as FIIs) have injected close to Rs 17000 crores into the Indian stock markets since March 2010. In fact, they’ve made net purchases each single day since Feb 26, 2010. The rising interest from the FIIs has in turn led to a 7% rally in the Nifty, which closed at 5,263 on April 16, 2010.

S&P CNX Nifty had closed at a 52 week high of 5,375 on April 07, 2010. Refer to the chart (below) to understand this. Note that the portion in RED denotes net flow of money from the FIIs; portion in GRAY denotes net flow from DIIs.

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