FIIs register net inflow of Rs 1,00,732.9 crore Sunday, February 22 2004 13:49 Hrs (IST) Mumbai:
The Indian capital markets continued to attract foreign institutional investors (FIIs) as they registered net purchases of over Rs 1,00,000 crore on cumulative basis till the trading week ended February 21.
The FIIs made gross purchases of Rs 4,23,104.7 crore and sales of 3,22,372.9 crore, thus registering a net inflow of Rs 1,00,732.9 crore ($ 24,355.6 mn), according to the data
available with Securities and Exchange Board of India (SEBI).
The number of registered FIIs as on February 20 stood at 533 and in last 14 months, the net purchases have increased by Rs 41,783.6 crore ($ 9,046.7 mn).
SEBI data showed that the highest net inflow in the Indian capital market since 1993 was in 2003 at Rs 35,153.8 crore ($ 7,590.9 million).
The net investment in the year 1993 was pegged at Rs 2,595.1 crore ($ 827.2 mn), followed by Rs 6,791.2 crore ($ 2,164.8 mn) in the next year.
The year 1998, however saw the foreign funds registering a net outflow to the tune of Rs 1,479.9 crore ($ 338 mn).
As per the data with capital market regulator, FIIs net investments in year 2001, 1996 and 1999 stood at Rs 13,292.7 crore ($ 2,843.3 mn), Rs 10,803.6 crore ($ 3,058.6 mn) and
Rs 6,696.8 crore ($ 1,559.9 mn) respectively.
In the current year 2004, the gross purchases and sales were Rs 29,899.5 crore and Rs 23,270.2 crore respectively to record net inflow of Rs 6,629.8 crore ($ 1,456 mn).
PTI
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