April 21, 2014 11:36 AM

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Foreign investors pour in Rs 6,783 crore this month

Foreign investors have pumped in 6,783 crore rupees in the domestic stock market so far this month on hopes a reform-oriented government will be formed after the general elections. Total investment by Foreign Institutional Investors, FIIs in equities since January 2014 has risen to about 28,979 crore rupees . Chief Executive Officer of HSBC Asset Management India Private Ltd Puneet Chaddha said that FIIs are expecting a reform-oriented stable government emerging post-elections. He said, FIIs are also betting on India because of the country's macro-economic fundamentals.According to the Securities and Exchange Board of India, SEBI, FIIs were gross buyers of shares worth 49,775 crore rupees and sellers of stocks to the tune of 42,992 crore rupees in the week ended April 17, resulting in a net inflow of 6,783 crore rupees. Foreign investors, however, pulled out 4,282 crore rupees from the debt market during the period.

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