FIIs make purchases in equities for the fifth day in a row

Inflow of Rs 3377.50 crore in five trading sessions

Foreign institutional investors (FIIs) continued their buying spree in equities, making purchases for the fifth day in a row on Friday, 11 September 2009. The inflow of Rs 330.60 crore that day was, however, lower than Rs 574.90 crore on Thursday, 10 September 2009.

FII inflow of Rs 330.60 crore on 11 September 2009 was a result of gross purchases Rs 2660.80 crore and gross sales Rs 2330.20 crore. The BSE Sensex rose 47.44 points or 0.29% to 16,264.30 that day as data showing a strong growth in industrial production in July 2009 reinforced expectations that the economy is recovering from a slowdown last year.

Ample global liquidity had found its way into Indian stocks with India economy growing at a decent pace vis a vis the developed world where a financial crisis hit the real economy hard. The inflow of foreign funds reached Rs 3377.50 crore in five trading sessions between 7 September 2009 to 11 September 2009. FII inflow in September 2009 totaled Rs 2520.80 crore, till 11 September 2009. Their inflow in calendar 2009 totaled Rs 42700.60 crore (till 11 September 2009)