Mumbai, Sep 14 (IANS) On a day when the benchmark index for Indian equities touched a new 32-month high, foreign institutional investors pumped in $569 million into the stock markets, boosting bullish sentiments.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors (FIIs) bought scrips worth $569.28 million Tuesday.
The FIIs have poured in over $1.55 billion during September alone, with almost half of that amount coming on Sep 13 and 14.
The huge inflows sent the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange, soaring, with the index Tuesday closing over 547 points or 2.91 percent from its previous weekly close.
Indian stock markets as an equity investment destination continued to be strong in 2010 with foreign funds pouring about $14.5 billion till Sept 14.
The Sensex, closed Sep 14 at 19,346.96 points — 138.63 points or 0.72 percent up from its previous close at 19,208.33 points. It was earlier seen at this level before Jan 18, 2008.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty too sustained the robust Monday gains, rising 0.62 percent higher Tuesday at 5,795.55 points.
