Total investment by foreign institutional investors (FIIs) in equities since January 2014 has risen to about Rs. 28,979 crore ($4.78 billion).
FIIs are bullish on India...They are expecting a stable government emerging post-elections, which will take various reformist measures.Besides, FIIs are also betting on India because of the country's macro-economic fundamentals.
FIIs were gross buyers of shares worth Rs. 49,775 crore and sellers of stocks to the tune of Rs. 42,992 crore in the week ended April 17, resulting in a net inflow of Rs. 6,783 crore ($1.3 billion), according to the Securities and Exchange Board of India.
Foreign investors, however, pulled out Rs. 4,282 crore from the debt market during the period.
FIIs, the main driver of the equity market, have helped pushed up the benchmark BSE Sensex by 243 points, or 1.08 per cent, so far this month.
They invested Rs. 20,077 crore in Indian stocks in March, compared with Rs. 1,404 crore in February and Rs. 714 crore in January.