Are FIIs back in the Indian market?

The investment by overseas investors into Indian stock market since the beginning of 2012 is set to cross the $10 billion level, out of which more than $1 billion was pumped in the first two weeks of July. The total investment so far in 2012 by Foreign Institutional Investors (FIIs) in to the Indian equity market to U$9.82 billion (Rs 49,349 crore), according to data available with capital market regulator, the Securities and Exchange Board of India (Sebi).

It seems foreign investors are reversing their bets on Indian equity market as after pulling out funds for the past three consecutive months, they have again infused $1.3 billion (about Rs 7,356 crore) so far in July so far. However, the hefty inflows have not resulted into a upward movement in the broader market with the Sensex down about 200 points, or 1.2 percent so far in the month to close at 17,430 on Friday. Read the full article