The investment by overseas investors into Indian stock market since the beginning of 2012 is set to cross the USD 10 billion level, out of which more than USD 1 billion were 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 USD 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 USD 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 per cent so far in the month to close at 17,430 points on Friday.
FIIs had pulled out Rs 1,957 crore from equities in April-June quarter this year, in