Mumbai, Sep 13 :
Foreign Portfolio Investors (FPIs) continued to invest in the Indian equities market in the week ended Sep 12, buoyed by prospects of further reforms and stable government policies.
The FPIs bought shares worth $445.32 million or Rs.2,693.02 crore during the week ended Sep 12, according to data with the National Securities Depository Limited (NSDL).
For the week ended Sep 5, the FPIs had bought shares worth $739.41 million or Rs.4,475.87 crore, which helped propel the Indian equities market to subsequent new highs.
The foreign institutional investors (FIIs) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Securities and Exchange Board of India (SEBI)to create a new investor category called FPIs.
The FPIs had remained net buyers Friday. They bought shares worth $77.48 million, or Rs.472 crore, on Sep 12.
The NSDL data further showed that the FPIs also invested $188.54 million or Rs.1,136.15 crore in the markets here Sep 9.
Expectations of stable growth coupled with an overall expectation of a further reform push by the new government have led to positive investor sentiments.