FIIs pull out Rs 50K cr in FY09: SEBI

According to the latest data compiled by Securities and Exchange Board of India (SEBI), foreign institutional investors (FIIs) have pulled out nearly Rs 50,000 crore from the domestic stock market in 2008-09.

FIIs’ net outflows stood at Rs 47,706.2 crore till March 30 in the current fiscal, as compared to huge inflows of Rs 53,000 crore in the previous fiscal.

However, analysts believe that FIIs are likely to resume investments in Indian equities in the later FY10 owing to higher returns as an attractive investment destination with sound fundamentals.