Saturday, October 6, 2007

Foreign Fund Flows lift Indian Equity markets to new highs !

A surge in Foreign Institutional Investment lifted the BSE Sensex (Index) in Mumbai to new highs.
The last nine trading sessions of September saw a net investment of $ 2.77Bn.
The first four trading sessions of October saw a net investment of $ 2.33Bn.
As emerging market funds see positive inflows, the Indian markets have attracted significant investment, aided by a strengthening local currency ' Indian Rupee', which has been one of the best performing currencies in the Asia -Pacific region this year.
Sustainability of such fund inflow, or possibly fund outflow would dictate the direction of the indian markets which have already risen sharply this year.

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