Foreign investors poured in almost ₹4,900 crore in the Indian stock market last week, primarily on hopes of a strong reformist Government after elections.
The total investment by foreign institutional investors (FIIs) in equities so far in 2014 has risen to ₹27,088 crore ($4.46 billion).
Market analysts say FIIs are bullish on India on expectations a strong reformist Government would come to power after the Lok Sabha elections, scheduled from April 7 to May 12.
Analysts are of the view that a positive bias towards the Indian equity market would continue in the coming weeks.
FIIs were gross buyers of shares worth ₹22,194 crore and sellers of stocks to the tune of ₹17,302 crore in the week to April 4, resulting in a net inflow of ₹4,892 crore ($815 million), according to data with the Securities and Exchange Board of India.
FIIs invested ₹258 crore in the debt market during the week.
Last month, overseas investors had invested ₹20,077 crore in Indian stocks compared with ₹1,404 crore in February and ₹714 crore in January.
As of April 4, there were 1,714 registered FIIs in the country and 6,359 sub-accounts.