Also, it can also be attributed to stability in the rupee value against the US dollar.
Besides, the value of P-Notes issued with derivatives as underlying, stood at Rs 1.36 lakh crore as on March 31, 2014.
The quantum of FII investments through P-Notes grew to 13 per cent in March from 11.7 per cent in the previous month.
Till a few years ago, P-Notes used to account for more than 50 per cent of the total FII investments, but their share has fallen after Sebi tightened the disclosure norms and other regulations for such investments.
P-Notes have been accounting for mostly 15-20 per cent of the total FII holdings in India since 2009, while it used to be much higher, in the range of 25-40 per cent, in 2008. It was as high as over 50 per cent at the peak of Indian stock market bull run during a few months in 2007.
FIIs, the key drivers of Indian markets, pumped in Rs 20,077 crore in the Indian stock market.
