Foreign institutional investors have invested a record $1.91 billion (Rs 8,376 crore) in February 2005 so far. The earlier record was set in April 2004, when FIIs pumped in $1.68 billion (Rs 7,638 crore) on a net basis.
According to data released by the Securities and Exchange Board of India, FIIs have purchased shares worth Rs 22,388 crore (Rs 223.88 billion) and sold shares worth Rs 14,012 crore (Rs 140.12 billion).
In the first two months of calendar 2005, net FII investment has crossed the $2 billion mark to touch $2.01 billion, compared with the total investment of $8.52 billion in calendar 2004.
In 2003, FIIs reported a net inflow of $6.59 billion in the equity markets against $751 million in 2002.
After being net sellers of $738 million in May 2004, the FIIs have never been net sellers in the Indian markets since. In fact, in the last nine months they have been net purchasers of $7.12 billion worth of shares.
In the last four months, between November 2004 and February 2005, FIIs have pumped in $5 billion in Indian equity through open market purchase and the slew of IPOs initial public offers such as National Power Thermal Corporation, Bharti Shipyard, Deccan Chronicle and Indoco Remedies.
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