FIIs net buyers in equities in July

MUMBAI, AUG. 5. Foreign institutional investors (FIIs) and mutual funds operated in contrast to each other for investments in equities for the month of July with the former being net buyers at Rs. 722.4 crores ($ 153.7 million) and the mutual funds remaining net sellers at Rs. 444.86 crores.

The same trend continued even in debt with FIIs and mutual funds remaining net sellers at Rs. 244.8 crores ($ 52.1 million) and net buyers at Rs. 1,077.28 crores respectively, according to the data available with the Securities and Exchange Board of India here.

Foreign funds were net buyers on 16 and 10 trading days in equities and debt respectively, SEBI said.

On July 18, FIIs bought equities worth Rs. 326.1 crores and offloaded to the extent of Rs. 122.8 crores, thus netting purchases of Rs. 203.3 crores ($ 43.3 million), the highest for the month. This was followed by net sales of Rs. 195 crores ($ 41.5 million) on July 13.

- PTI

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Section  : Business
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