NEW DELHI(PTI): Foreign Institutional Investors have poured in more than 400 million dollars in Indian bourses during the last four months, reports “The Economic Times”. The flow of funds have risen sharply since June. From just over 35 million dollars the inflow of funds rose to 200 million dollars by August end, the daily said.
Two major factors are cited by brokers as to why the FIIS are looking to India in a bullish manner. It is expected that several foreign institutions who would become active on Indian bourses would touch 100 in the next few months, the paper said.
‘The second reason it said was that while China was the most talked about country, India which had just begun the liberalization process, emerged as another hot favorite of the FHS. The daily said a high price earnings ratio of 80 for many serips in China and limited number of serips available for trading are cited as two drawbacks that China is facing currently.
Article extracted from this publication >> October 8, 1993
