Mumbai, Oct 19: The attraction of Foreign Institutional Investors towards the equity markets was on the upswing with FIIs recording net purchases of Rs 2,201.7 crore (US dollar 480 million) while netting inflows of Rs 151.6 crore (USD 33.2 million) in debt instruments during the week ended October 17. The mutual funds (MFs), however, registered net sales of Rs 41.64 crore in equities. They were net purchasers in debt market at Rs 178.34 crore in the period under review, according to the data available with Securities and Exchange Board of India (Sebi) here.
FIIs were net buyers in equities at Rs 521.2 crore (USD 113.7 mn) on October 15, the highest for the week followed by Rs 517.8 crore (USD 112.7 mn) and Rs 440.6 crore (USD 96.1 mn) on October 13 and 14 respectively.
In the debt market, the foreign funds were net buyers at Rs 72.7 crore (USD 15.9 mn), Rs 44.5 crore (USD 9.7 mn) and Rs 29.3 crore (USD 6.4 mn) on October 16, 14 and 17 respectively.
MFs were net sellers in equities for three days and registered their highest outflow of the week on October 16 at Rs 52.65 crore.
On the debt front, MFs were net buyers of Rs 113.91 crore on October 15 and Rs 47.74 crore on the next day.
The BSE benchmark 30-share index surpassed the 4900-mark and ended the week at 4930.53 as against last weekend's close of 4768.90, netting a sharp rise of 161.63 points. The BSE barometer has risen by 16.92 per cent or 713.41 points during the four-week long stocks rally. Bureau Report