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Capital mkt investments by FIIs surge 95% in H1

156% rise in equity investments

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Kishor Kadam Mumbai
Last Updated : Feb 06 2013 | 9:56 AM IST
Foreign institutional investors (FIIs) have raised their investments in the Indian capital markets by 95.47 per cent in the first-half of calendar 2004 (January-June).
 
The investment in the debt and equity markets taken together, FIIs' net investments in the first-half were at Rs 15,032 crore as against Rs 7,690 crore in the corresponding period of 2003.
 
FIIs pumped in Rs 15,596 crore in the equity markets during the period, up 156 per cent over the Rs 6,094 crore invested in the same period of 2003.
 
But this figure includes the Rs 4,300 crore invested in the public offers of six public sector units in March-April 2004.
 
However, in the first-half of 2004 FIIs were net sellers to the tune of Rs 554 crore in the debt segment as against net purchases of Rs 1,597 crore in the corresponding period of 2003.
 
There was a dramatic change in FII investment in May 2004 after the NDA government bowed out of power from the Centre.
 
FIIs' buying pattern reversed in May with net sales of Rs 3,250 crore. In June 2004 they restricted their trading considerably with net buyings of a meagre Rs 310 crore.
 
FIIs bought equity shares worth Rs 94,420 crore, while they sold shares of Rs 78,639 crore between January 2004 and June 2004.
 
During the period they made purchases of Rs 3,334 crore and sales of Rs 3,888 crore in the debt market. Their share in equity markets has gone up substantially from just around 11 per cent in the first-half of 2003 to 19 per cent in the first six months of 2004.
 
FIIs were firmly bullish in the beginning of the calendar 2004 with a 128.5 per cent rise in net investments to Rs 2,435 crore.
 
In February 2004, they bought 679 per cent more shares of Rs 3,159 crore (Rs 405 crore in February 2003).
 
March saw a huge rise in FII investments on account of the public offerings of six public sector units.
 
FIIs' net investment topped Rs 8,769 crore in May compared with a meagre Rs 253 crore in March 2003. In April 2004 their investments jumped up 659 per cent to Rs 4,173 crore.

 
 

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First Published: Jul 03 2004 | 12:00 AM IST

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