FIIs have invested a record $4.15 billion in Indian stocks since September 18 when the US Fed cut interest rates to tackle the US economic slowdown and subprime crisis. As per Sebi figures, nearly $2 billion has come in the last three trading days. The Indian market has never seen FII inflows of this magnitude, observe fund managers
The Sensex which crossed the 16,000 level on September 19 took only five trading sessions to cross the 17,000 level on September 26. With no let-up in FII inflows, marketmen are sure that the index will hit the 18,000 level in the next one or two trading sessions.
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