FII’s Pumping in Huge Money

Since January, India’s equity and bond markets have attracted a record $33.8bn in foreign funds. FIIs (foreign institutional investors) have been net buyers to the extent of $5 billion, or Rs 25,000 crore (Rs 250 billion), in the month of September alone, pushing the Sensex by about 11 per cent during the month. FIIs have also broken all pervious records by committing in excess of $18 billion, or Rs 84,000 crore (Rs 840 billion), in Indian markets in a single calendar year, though we still have a full quarter to go in 2010.

Source: Seeking Alpha