The Indian stock markets saw nearly Rs 66,000 crore coming in from overseas investors since Diwali last year, and the inflow was most pronounced in the first half of this financial year.
Foreign institutional investors (FIIs) were net buyers of shares worth about Rs 66,000 crore from the Indian stock markets since Diwali 2008, as per the data available with the market regulator Securities and Exchange Board of India (Sebi).
However, the maximum portion of this investment (over Rs 65,000 crore) came only in the current year amid signs of revival in the global economic crisis.
During the period under review (November 1, 2008-October 16, 2009), May witnessed the highest monthly inflow (Rs 20,000 crore), while January saw the highest erosion (Rs 4,200) in a month.
Last year, Diwali was celebrated on October 28.
According to the data, while Rs 31,000 crore foreign funds found its way into the Indian bourses in April-June quarter of this fiscal another Rs 34,300 crore came in during the July-September quarter.
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With this, the cumulative FII inflow in the Indian equity markets crossed Rs 65,000 crore in the six months of FY10.
Last year, FIIs were net sellers of Indian stocks worth Rs 52,900 crore, as per the Sebi data. This trend continued till February 2009. The investors once again started returning to the Indian markets by the end of March.