FIIs net buyers in equities

MUMBAI, JULY 8. Foreign institutional investors (FIIs) and mutual funds (MFs) acted in divergence in stock markets with the former being net buyers at Rs. 92.3 crores ($ 19.6 million) for the trading week ended July 2, which saw the introduction of rolling settlement.

MFs were net sellers in equities at Rs. 168.57 crores during the reporting week, according to the data available with the Securities and Exchange Board of India (SEBI).

However, both FIIs and MFs, were net buyers in debt at Rs. 26.7 crores ($ 5.7 million) and Rs. 298.50 crores respectively.

The week also began with the Unit Trust of India's decision to suspend sales and repurchases of units under US-64 scheme for six months and the subsequent resignation of the UTI chairman Mr. P. S. Subramanyam.

On July 2, the first trading day of the week, foreign funds bought equities worth Rs. 181.2 crores and offloaded equities to the tune of Rs. 124.9 crores, thus turning net buyers at Rs. 56.3 crores ($ 12 million). As per the data on MFs for four days ending July 5, they remained net sellers in equities and net buyers in debt on all these days.

- PTI

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