Monday, December 04, 2006

D-street gets $50 billion boost from FIIs

The FII party continues on Dalal Street unabated, with net investment by Foreign Institutional Investors in stock markets surging past the 50-billion dollar milestone for the first time in the country's history.

Despite a brief lull in first half of this year, the grand total of FII investment in equities rose to an all-time high of 50.025 billion dollars (Rs 2,16,256.60 crore) on Friday, the latest data available with stock exchanges shows.

Add to this about Rs 5,500 crore (1.13 billion dollars) invested by FIIs in debts, and the total FII investment in the country since their entry here soars to over 51.13 billion dollars (Rs 2,21,800 crore), the SEBI data shows.
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