Published on Fri, Aug 24, 2007 at 14:44 | Source : Moneycontrol.com
Updated at Mon, Aug 27, 2007 at 11:53
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Is India still a favourite destination for FIIs?
It seems that India is still a favourite destination for FIIs. If we compare FII outflow from India with Taiwan and Thailand, it seems FIIs offloaded lesser amount in consecutive selling.
Asian markets were under pressure for a month on account of subprime shockwaves coupled with Yen carry trade.
It seems that India is still a favourite destination for FIIs. If we compare FII outflow from India with Taiwan and Thailand, it seems FIIs offloaded lesser amount in consecutive selling.
FIIs were net sellers in Indian equities to the tune of USD 165.34 million (approx) in two consecutive days while Taiwan and Thailand net sold USD 4130 million and USD 680 million in nine and six consecutive days respectively.
On August 23, In Indian equities FIIs were net buyers to the tune of USD 67 million versus outflow of USD 165.3 million on August 22.
In Taiwan FIIs were net buyers to the tune of USD 354 million as against negative outflow USD 131 million.
In Thailand FIIs were net buyers to the tune of USD 52 million versus outflow of USD 13.2 million.
At the moment Indian equity market is facing a tough situation on the back of political uncertanity with regard to Indo-US nuclear deal.
Asian markets were under pressure for a month on account of subprime shockwaves coupled with Yen carry trade.
