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Foreign Institutional Investors invested $17 billion in first half of 2008 and then withdrew $14 billion in second half of 2008
Sensex has lost more than 50% of its value in less than five months. At the root of all these are the Foreign Institutional Investors. During a year when Indian stock market lost its valuation by more than half, the foreign institutional investors (FIIs) have pulled out an estimated $13 billion from the domestic bourses -- an amount equivalent to nearly three- fourth of over $17 billion invested in 2008.
Foreign investors ran for cover as the US economy slumped into deep depression. The FII outflow is likely to continue for the first two quarters in 2009 but the situation is likely to improve in the second half of this year. Inflows from Japan are likely to come into the domestic market as the interest rates are down to virtually zero, while launch of Shariah stock index may also attract some funds.
Some analysts believe Indian stocks will retest 2,000 in Sensex and during that period massive outflow in FII funds will happen.
BIZ/FINANCE ARTICLES
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