FIIs pump in Rs 49b in Indian stocks last week

NEW DELHI, Apr 6 (PTI): Foreign investors poured in almost Rs 49 billion in the Indian stock market last week primarily on hopes of a strong reformist government after elections.
The total investment by foreign institutional investors (FIIs) in equities so far in 2014 has risen to Rs 270.88 billion ($ 4.46 billion).
Market analysts say FIIs are bullish on India on expectations a strong reformist government would come to power after the Lok Sabha elections, scheduled from April 7 to May 12.
Analysts are of the view that a positive bias towards the Indian equity market would continue in the coming weeks.
FIIs were gross buyers of shares worth Rs 221.94 billion and sellers of stocks to the tune of Rs 173.02 billion in the week to April 4, resulting in a net inflow of Rs 4,892 crore ($ 815 million), according to data with the Securities and Exchange Board of India (Sebi).
FIIs invested Rs 2.58 billion in the debt market during the week.