International Journal of Management, IT & Engineering Vol. 7 Issue 5, May 2017, ISSN: 2249-0558 Impact Factor: 7.119 Journal Homepage: http://www.ijmra.us , Email: editorijmie@gmail.com Double-Blind Peer Reviewed Refereed Open Access International Journal - Included in the International Serial Directories Indexed & Listed at: Ulrich's Periodicals Directory ©, U.S.A., Open J-Gage as well as in Cabell’s Directories of Publishing Opportunities, U.S.A 255 International journal of Management, IT and Engineering http://www.ijmra.us , Email: editorijmie@gmail.com Impact of fII’s on IndIan Stock Market (specific to SENSEX) Naresh Kedia * Prof. (Dr.) Anil Vashisht ** Abstract: In the changing global scenario the impact of foreign institutional investors on Indian stock market is very high and its effects need to be studied. They have emerged as very significant players in the Indian stock market and their growing contribution and participation adds as an important aspect for the development of stock markets in India. Indian Stock Markets have reached new heights and became more volatile making the researches work in this dimension of establishing the link between FIIs and Stock Market .This paper makes an attempt to develop an understanding of the dynamics FIIs and effect on the Indian equity market. The study is conducted using data from BSE Sensex and FII activity over a period spanning from Jan.2003 to Dec 2012. It provides the evidence of significant positive correlation between FII activity and effects on Indian Stock Market. * Asst. Professor, Amity University, Madhya Pradesh ** Director: Amity Business School, Amity University, Madhya Pradesh