September 23, 2012 5:48 PM

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FIIs infuse over Rs 9000 crore in September

Betting high on India's reform initiatives, foreign investors have pumped in more than 9,000 crore rupees in the country's equity market so far this month. Analyst expects inflows will continue in the coming months as well. Foreign Institutional Investors (FIIs) investment in the country's equity market has reached to 72,215 crore rupees so far in 2012.Market analysts believe that huge inflows was mainly on account of recent big-ticket announcements by government, including operationalisation of 51 per cent FDI in multi-brand retail and allowing foreign carriers to buy up to 49 per cent stake in domestic airlines.They said, liberalisation of the broadcasting sector would also prove as major sentiment lifter for foreign investors.

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