Thursday, September 09, 2010

FII Investment and Two figures.



Check two news report in two different print media. The report is about the weekly review of the stock exchange.

The India Infoline at http://www.indiainfoline.com/Markets/News/Sensex-vaults-4.6-percent-in-seven-trading-sessions/3288527781 gives the fii investement in India for 2010 as Rs 21427.85.

To quote the paragraph: "Foreign funds have bought shares worth a net Rs 1932.75 crore in the first few days this month, as per data from the stock exchanges. The inflow has reached Rs 21427.85 crore in calendar 2010."

The Hindustant Times at http://www.hindustantimes.com/Rising-Sensex-raises-worries/Article1-598217.aspx , gives the figure for calender year 2010 as R62,784 crore.
To quote the relevant paragraph:
"Foreign Institutional Investors have already invested R3,402 crore in 7 trading days of September and a total of R62,784 crore in the calendar 2010 till date, showing their faith in the fundamentals of the country's economy."

It is 21427.85 versus 62,784. Both the figures are for the financial year. What is to be believed from them?

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