FIIs turn focus on equities from debt

FIIs have become net buyers of equities to the tune of $10billion since March. In 2008.FIIs were net buyers of debt at $2.64 billion and net sellers of stocks worth $12 billion.

After keeping their data with debt for the entire 2008 and the fist two months of 2009, foreign institutional investors (FIIs) have thronged the markets as stocks rose from March. In doing so, FIIs have emerged ‘net sellers’ of debt while becoming ‘net buyers’ of equities since March, according to Sebi data till September 10.

In view of FIIs stock market of India and China is much more speculative in nature.