FIIs continue buying in equities

MUMBAI, APRIL 22. The foreign institutional investors (FIIs) were net buyers in equities and debt at Rs. 840.3 crores ($180.3 million) and Rs. 66 crores ($14.2 million) respectively for the trading week ended April 20.

According to the data available with the Securities and Exchange Board of India (SEBI), FIIs were net buyers in equities on all the five trading days.

On April 19, when the Reserve Bank of India announced the credit policy for 2001-02, the foreign funds bought equities worth Rs. 483.1 crores while offloading to the tune of Rs. 181.8 crores, thus making the highest net purchases of the week at Rs. 301.4 crores ($64.6 million). FIIs were also net buyers in equities at Rs. 188.3 crores ($40.4 million) on April 16 and Rs. 153.7 crores ($33 million) on the last trading day of the reporting week.

The BSE-30 index fluctuated widely in the range of 3621.03 and 3096.51 before ending the week at 3583.04 against last weekend's close of 3183.77, a rise of 399.27 points. On the debt front, FIIs were net buyers on April 18 at Rs. 71.7 crores ($15.4 million) while remaining net sellers on the previous day at Rs. 21.2 crores ($4.5 million). No transactions were conducted on the first day of the week.

The SEBI data on mutual funds for the four days beginning April 16 shows that contrary to FIIs, they were net sellers in equities at Rs. 43.8 crores.

Mutual funds, however, were net buyers in debt at Rs. 257.59 crores in the reporting week.

- PTI

Send this article to Friends by E-Mail

Section  : Business
Previous : Castrol net declines
Next     : TCIL to launch Internet access services