FIIs invest $1.28 B in 15 days

By agencies   |   Monday, 25 July 2005, 07:00 Hrs
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MUMBAI: Foreign institutional investorsÂ’ (FIIs) fancy for Indian papers touched a new four-month high with net investment of $1.28 billion in the first 15 trading days of July 2005.

The largest-ever single month inflow was recorded in February 2005, when FIIs were net buyers of shares worth $1.91 billion.

After being net sellers during the first two months of the current financial year, $150 million in April and $261 million in May, FIIs bought $1.23 billion worth of shares in May.

FIIs bought shares of $4.43 billion and sold $3.15 billion worth of shares between July 1 and July 21, according to the data available with the Securities and Exchange Board of India (Sebi).

Thus far in current calendar 2005, FIIs made $5.83 billion worth of net investment. This is 68 per cent of total net investment that they had made in whole of calendar 2004.

In last calendar year, FIIs reported net inflows of $8.52 billion in equity markets against $ 6.59 billion in calendar 2003 and $751 million in 2002. FIIs were net buyers of $2.54 billion of Indian equities over the last 28 trading days (from April 14 to July 21) without any interruption, taking the Sensex to a new high of 7423.25 on Friday.

FIIs were the largest shareholders in as many as 102 companies at the end of April-June 2005 quarter against 76 firms in the same quarter last year 2004. In 14 new companies, including Andhra Bank (16.33 per cent), ING Vysya.

Bank (20.39 per cent), HCC (12.50 percent), Jindal Steel and Power (14.88 percent), Micro Inks (17.99 percent) and KPIT Cummins Infosys (16.67 percent), FIIs became the largest shareholders during the quarter.

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