FII investments cross Rs 10,000 crore

 According to figures released by the Securities and Exchange Board of India (Sebi), net investments by FIIs since January 1 stood at Rs 10,047.9 crore on August 19.

 In August, foreign funds have put in a net amount of Rs 1,526.1 crore. Buoyed by the FII flows, the Bombay Stock Exchange (BSE) Sensex gained 50 points today to close at 4056. Technology, bank and public sector stocks stole the limelight.

 The relentless buying by the FIIs has sustained the market so far, and they are still buying at relatively higher levels.

 It was in 2001 that net FII investment had touched Rs 12,086 crore in the same period. In the subsequent year, it had tapered off to Rs 2,898 crore in the same period (January 1-August 19).