NEW DELHI, Jan 5 (PTI): Overseas investors have pumped in over Rs 10
billion in the Indian equity market so far in January, when the US
Federal Reserve is scheduled to start reducing its monthly bond
purchases by $10 billion.
Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 41.57 billion and sellers of equities worth Rs 31.48 billion till January 3, resulting in a net inflow of Rs 10.09 billion ($163 million), according to Securities and Exchange Board of India (Sebi) data.
FIIs also invested Rs 17.46 billion in the debt market. Their total investment in debt and equity was about Rs 27.54 billion.
The US Federal Reserve decided to taper its monthly bond-buying programme, raising concerns that funds available for investing in emerging markets may be reduced.
Starting this month, the US central bank will cut its bond purchases to $75 billion from $85 billion, according to a statement after the Federal Open Market Committee meeting on December 18.
Last month, the Reserve Bank of India (RBI) ruled out any major impact on the domestic markets by the tapering of the US bond-buying programme.
Finance Minister P Chidambaram had also asserted that India is better prepared to deal with the impact of the US stimulus withdrawal and said its consequences would not be large and more steps would be taken, if needed.
FIIs, the driving force of the Indian stock markets, infused a net Rs 1.13 trillion ($20.10 billion) in equities last year, compared with a net inflow of Rs 1.3 trillion ($24 billion) in equities in 2012.
As of January 3, the number of registered FIIs in the country stood at 1,738 and the total number of sub-accounts was at 6,392.
Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 41.57 billion and sellers of equities worth Rs 31.48 billion till January 3, resulting in a net inflow of Rs 10.09 billion ($163 million), according to Securities and Exchange Board of India (Sebi) data.
FIIs also invested Rs 17.46 billion in the debt market. Their total investment in debt and equity was about Rs 27.54 billion.
The US Federal Reserve decided to taper its monthly bond-buying programme, raising concerns that funds available for investing in emerging markets may be reduced.
Starting this month, the US central bank will cut its bond purchases to $75 billion from $85 billion, according to a statement after the Federal Open Market Committee meeting on December 18.
Last month, the Reserve Bank of India (RBI) ruled out any major impact on the domestic markets by the tapering of the US bond-buying programme.
Finance Minister P Chidambaram had also asserted that India is better prepared to deal with the impact of the US stimulus withdrawal and said its consequences would not be large and more steps would be taken, if needed.
FIIs, the driving force of the Indian stock markets, infused a net Rs 1.13 trillion ($20.10 billion) in equities last year, compared with a net inflow of Rs 1.3 trillion ($24 billion) in equities in 2012.
As of January 3, the number of registered FIIs in the country stood at 1,738 and the total number of sub-accounts was at 6,392.
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