FII inflow crosses $100 billion
MUMBAI: The cumulative net foreign fund inflow into the market since investors from abroad were allowed to invest in Indian stocks in 1992 crossed the $100 billion mark on Monday.
Sebi data showed that with an addition of $1.6 billion, the figure now stands at $100.9 billion. Given the strong inflow of FII money into the India market, it was expected to cross this milestone before the end of the year.
Interestingly, during the first eight days of the current month, net FII inflow into the market has already crossed $3.5 billion, about a third of this coming through the Coal India IPO. Another 1.5 billion came on Thursday, the day the world's largest coal producer was listed and institutional dealers said a large number of FIIs who did not get enough number of shares during IPO allotment, bought from the market after its listing.
So far this year, there has been a net FII inflow of $28.3 billion, an all-time peak, Sebi data showed.