Professsor,
After the introduction of New Economic Policy in India in 1991,foreign investment could face renewed vigour in terms of FII and FDI and hence, the study analyses the impact of FII on Indian stock market indices of BSE and NSE particularly during the period between 1999 and 2009. It also critically examines the relationship among FII total purchase in Indian equity and debt market, market capitalization of BSE and NSE and exchange rates of Indian rupee in terms of dollar)