Deccan Herald, 4 Jun 2012The sharp fall in Indian stock indices is one such glaring example as foreign investors together pulled out billions of dollars in the recent months.
In the last three months or so, the Bombay Stock Exchange’s Sensex has plunged 2,463 points from 18,428 on February 21, 2012 to below 16,000 mark on Friday. And one of the major reasons for the fall was foreign institutional investors (FIIs) pulling out money.
If the first quarter of the calendar 2012 witnessed FIIs pumping huge money into the markets and inflating it, the next two months of the second quarter saw FIIs taking out funds from India.
In rupee terms, foreign investors pulled out Rs 1,100 crore from the domestic equities in April, while they sold shares worth a net Rs 665.76 crore during May, as per initial data from bourses. Full story
Related:
Temasek expanding footprint in India - Moneycontrol.com
Temasek expands India operations - Business Standard
Singapore’s GIC sets up investment office in Mumbai - The Hindu Business Line
