Mumbai, Oct 12: Foreign Institutional Investors' (FIIs) attraction towards equities continued as they recorded net purchases of Rs 1,920.4 crore (USD 418.6 million) while netting inflows of Rs 72.3 crore (USD 15.8 mn) in debt market during the week ended October 10. Mutual funds (MFs), behaved in contrast, to net sales of Rs 19.32 crore in equities while transacting heavily in debt instruments to register net purchases of Rs 865.91 crore in the period under review, according to data available with the Securities and Exchange Board of India (Sebi) here. The FIIs recorded their highest net inflows of the week at Rs 582.3 crore (USD 126.7 mn) in equities on the first day of the week followed by Rs 509 crore (USD 111 mn) and Rs 356.1 crore (USD 77.7 mn) on September 08 and 07 respectively. On the debt market, the foreign funds were net sellers at Rs 26.4 crore (USD 5.7 mn) on September 06 and net buyers at Rs 98.2 crore (USD 21.4 mn) on September eight. MFs were net sellers in equities at Rs 88.63 crore and Rs 15.21 crore on September 08 and 09 respectively.
In debt market, the mutual funds were net buyers at Rs 313.92 crore on September 09 and Rs 230.28 crore on September 06.
Mirroring the market trend, the BSE index opened the week on a higher note at 4631.39 and shot up further sharply on heavy buying and after touching a high of 4780.77, settled at a 39-month high of 4768.30 which showed a whopping 215.38 points or 4.74 per cent rise over the previous close.
Bureau Report