Résumé
This paper examines the impact of Foreign Institutional Investors (FIIs) on the Indian stock market. Secondary data was collected for a period of 15 years from 2006-07 to 2021-2022 and analyzed using descriptive statistics, correlation matrix, multiple regression and structural equation model. Descriptive statistics shows that the mean of Sensex is very high, followed by equity flow, debt, debt-VRR and hybrid. The highest variance has been found in equity, followed by debt, hybrid, Sensex and debt-VRR. Skewness is the highest in debt-VRR, followed by hybrid, debt, Sensex and equity. Sensex has a negative and insignificant relationship with equity flow, whereas debt-VRR has a positive and significant relationship at 10% level of significance. Hybrid and debt have a significant relationship. Multiple regression model has been used to examine the impact of FIIs on Sensex. The dependent variable is Sensex and the independent variables are equity, debt, hybrid and debt-VRR. The regression model indicates that adjusted R2 is 0.154, which means that all independent variables have caused 15.40% variance in Sensex during the study period. However, all the independent variables have insignificantly impacted Sensex.