Overseas investors pump 3, 000 crore in Indian stock market

Overseas investors pumped in nearly 3,000 crore rupees in Indian stock market in the past two weeks amid hopes of government initiatives on policy reforms and easing of monetary policy. Foreign Institutional Investors (FIIs) investment in the country's equity market has reached 65,954 crore rupees so far this year.

Market analysts believe that inflows would continue in the coming months as well on account of recent big-ticket announcements by government. These include operationalisation of 51 per cent FDI in multi-brand retail, and allowing foreign carriers to buy up to 49 per cent stake in domestic airlines.

Further, liberalisation of the broadcasting sector would prove as major sentiment lifter for foreign investors.

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