Overseas investors are showing renewed interest in the Indian equity market, with investment of a whopping over Rs 7,500 crore (about $1.4 billion) this month so far amid political and economic worries.
With this, the total foreign investor investments in the country’s equity market has reached Rs 68,561 crore ($12.7 billion) since the beginning of 2013. During May 2-10, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 22,829 crore, while they sold equities amounting to Rs 15,306 crore, translating into a net inflow of Rs 7,525 crore ($1.4 billion), according to Sebi data. FII net investments had plunged to their lowest in 16 months in April. Indian stock market had attracted a net inflow of Rs 5,414 crore last month. Experts attributed the current inflow to global liquidity, which is flowing into Indian equities, and some softening of prices of crude and gold, helping the current account deficit.