Dec 7, 2006

FII inflow = $8.3 billion in 2006

The market sentiment remains firm due to strong FII inflow, continued strong economic growth data and healthy corporate earnings. A lot of money is said to be waiting on the sidelines to enter the market at correction. Very few got an opportunity to ride the latest rally, it being a sharp and swift rally with the Sensex having risen 10% in a little over a month.

As per provisional data released by stock exchanges, FIIs were net buyers to the tune of Rs 304 crore on 6 December. Sebi is yet to release the final figure on FII trade pertaining to 5 December. Sebi releases daily FII figures with a time lag of one day. The cumulative FII inflow has reached $8.3 billion in 2006 compared to a record inflow of $10.7 billion in 2005.

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