FPIs smash records in Nov: Highest net inflows in a calendar month ever

The floodgates have truly opened in November, as foreign portfolio investors (FPI) have poured in over $7.4 billion, or Rs 54,573 crore, into stocks this month — the highest-ever for a month both in local currency and US dollar terms. And, they may not be done just yet with four more trading sessions to go. The previous record for flows in dollar terms was seen in September 2010. In rupee terms, this August had seen record flows of Rs 45,637 crore, data compiled by BS Research Bureau shows. The sharp inflows have catapulted the benchmark Sensex and Nifty indices 12 per cent this.....

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