core sector communique

Foreign institutional investors (FIIs) injected a record US$ 6.4 billion in October 2010, which was almost 25 per cent of the total inflows in the stock market registered so far in 2010. Total net investment by FIIs on the local stock exchanges is currently US$ 24.79 billion, the highest in a single year. 

The significant increase in October was trigerred by overseas fund houses, the net buyers of Indian equities amounting US$ 6.4 billion during October, according to the data available with capital market regulator Securities and Exchange Board of India (SEBI).

Furthermore, CRISIL sees the country's gross domestic product (GDP) growing by 8.2 per cent in the 2010-11 and continuing with the same momentum for the next decade on account of rising consumption in the Indian market.