FIIs net buyers in equities and debt

MUMBAI, AUG. 19. Foreign Institutional Investors (FIIs) were net buyers in both equities and debt at Rs. 69 crores ($14.6 millions) and Rs. 91.7 crores ($19.4 millions) respectively, for the trading week ended August 17.

Mutual Funds (MFs), however, were net sellers in equities at Rs. 73.42 crores and net buyers in debt instruments at Rs. 358.61 crores during the three days beginning August 13 in the reporting week, according to data available with the Securities and Exchange Board of India (SEBI).

On August 17, foreign funds bought equities worth Rs. 178.6 crores and offloaded to the extent of Rs. 139.5 crores, thus turning net buyers at Rs. 39.1 crores ($8.3 million), the highest for the week.

FIIs indulged only in buying activity worth Rs. 74.9 crores in debt on the first day of the week. They stayed away from the market on August 14. The BSE index opened on a promising note at 3321.19 and swayed in a narrow range of 3359.07 and 3283.43 before concluding the week at 3296.71 compared with last weekend close of 3316.21, a loss of 0.59 per cent.

MFs were more active in debt market. They bought and sold debt instruments worth Rs. 231.5 crores and Rs. 101.14 crores respectively on August 13, netting purchases of Rs. 130.36 crores, followed by being net buyers at Rs. 129.48 crores on the next day.

SEBI said MFs remained net sellers in equities on all the three days with the highest being on August 13 at Rs. 33.08 crores.

- PTI

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