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23 FIIs set up shop in 2004

BS Markets Bureau in Mumbai | March 26, 2004 09:49 IST

Foreign institutional investors seem to be very much interested in the India story if figures of new registrations are any indication.

The number of FIIs registered with the Securities and Exchange Board of India has gone up from 517 as on December 31, 2003 to 540 on March 25, 2004, according to data available on the Sebi website.

FIIs have brought in Rs 10,963.50 crore (109.63 billion) in 2004 so far, bringing the total FII inflows in the Indian markets to Rs 1,05,065.90 crore (Rs 1,050.66 billion) since they were allowed entry in 1993.

March has seen a total inflow of Rs 4,420.80 crore (Rs 44.21 billion), with equities accounting for a majority share of Rs 3,555.90 crore (Rs 35.56 billion). Inflows into the debt market stood at Rs 864.90 crore (Rs 8.65 billion).

A look at the FII inflows in 2003 shows that they have purchased Indian shares worth Rs 2566 crore (Rs 25.66 billion) on an average every month, with October recording a maximum inflow of Rs 6,862.60 crore (Rs 68.63 billion) followed by Rs 6,249.90 crore (Rs 62.50 billion) in December.

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