Dynamic Interactions between Foreign Institutional Investment Flows and Stock Market Returns – The Case of India

Bulsara, Hemantkumar P.; Dhingra, Vaishali S.; Gandhi, Shailesh

doi:10.5709/ce.1897-9254.170

Cited by 2 publications

(2 citation statements)

References 45 publications

(33 reference statements)

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“…Joo and Mir (2014) also evidenced towards the significant influence of FPIs inflows on the stock market volatility in India. Moreover, Bulsara et al (2015) found presence of bi-directional causality among the stock market returns and inflows of FPIs. Garg and Mitra (2015) analysed the investment pattern of FPIs in the Indian stock market and found that the herding in stocks by FPIs lead to volatility in the market but only in the short-term period.…”

Section: Background Of the Studymentioning

confidence: 91%

Analysis of Variation in Foreign Inflows by Different Categories of Foreign Portfolio Investors

Gupta,

Kumar

2024

The Indian Economic Journal

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The liberalisation of Indian financial markets has smoothened the capital flows of international institutional investors, resulting in rising foreign investor participation in the domestic equity and debt markets. Since the reforms of the 1990s, India has become one of the favourite investment hubs of foreign institutional investors (FIIs) across the globe. The research aims to analyse the variation in contribution to foreign inflows by the three different categories of foreign portfolio investments (FPIs) and the determinants of inflows of the categories of FPIs. The study is based on the use of secondary data collected from the National Securities Depository Limited and the Securities Exchange Board of India. One-way ANOVA has been employed to examine the variation in inflows by different categories of FIIs. Autor regressive distributed lag model has been used to understand the factors determining the inflows of FPIs. The results of the study revealed that there exists variation in the inflows of investments among the different categories of FIIs. The variation in inflows by different categories into equity instruments was significant, while the inflows into debt instruments were not significant. Furthermore, the highest inflows were seen from the second category of FIIs. JEL Codes: C32, G2

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Section: Background Of the Studymentioning

confidence: 91%

Analysis of Variation in Foreign Inflows by Different Categories of Foreign Portfolio Investors

Gupta,

Kumar

2024

The Indian Economic Journal

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“…A study (Bulsara, Dhingra, & Gandhi, 2015) on the flow of Foreign Institutional Investments and stock market returns found that FII increased remarkably from the 1990sonwards which led to increasing in forex reserve and higher value in Indian capital market. Here, the investment made by FII increased volatility.…”

Section: Review Of Literaturementioning

confidence: 99%

Institutional Investments and Their Influence on Stock Returns – An Empirical Study

Venkataraman

V.R

Chandramouli

2017

IRAJMSS

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Dynamic Interactions between Foreign Institutional Investment Flows and Stock Market Returns – The Case of India

Cited by 2 publications

References 45 publications

Analysis of Variation in Foreign Inflows by Different Categories of Foreign Portfolio Investors

Analysis of Variation in Foreign Inflows by Different Categories of Foreign Portfolio Investors

Institutional Investments and Their Influence on Stock Returns – An Empirical Study

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