![Dollars](http://im.rediff.com/money/2010/dec/dollars.jpg)
With an investment of $4.78 billion in November, the total inflows of foreign institutional investors so far in 2010 have crossed record $38.76 billion-mark.
As per the data available with the capital market regulator Securities and Exchange Board of India, FIIs have made investment worth $4.11 billion in equity and poured 667.71 million in debt market.
According to analyst, FIIs have been pumping funds into emerging markets like India because of their strong growth potential.
Besides, rising concerns over the Korean conflict and Ireland's debt issue are driving foreign funds into the equity market.
"FIIs' inflow will increase in the coming days and 2010 will break all the record," SMC Capitals Equity Head Jagannadham Thunuguntla said.
Indian bourses
picked up significant momentum during the second quarter of current fiscal, driven by FII inflows.
This helped the stock market in breaking out of the tight range it was confined to in the previous three quarters.
Analysts believe the government's plans to disinvest in public sector companies, including state-run MOIL and Shipping Corporation of India will give more investment opportunities to FIIs.
The huge FII inflows have pushed up the stock market benchmark Sensex 11 per cent so far this year.
Last year, FIIs were the net purchaser of shares worth Rs 83,423 core ($17.45 billion), the highest ever in the Indian equity market.
During the same year, the Sensex had recorded a gain of over 80 per cent.