Mumbai, Oct 05: The foreign institutional investors (FIIs) netted purchases of Rs 3,851 crore (USD 836.4 million) and Rs 324.2 crore (USD 70.4 million) in equities and debt respectively in the month of September, which saw the BSE sensitive index scale up to cross the 4,500 mark. Mutual funds (MFs), on the other hand, registered net outflows in equities at Rs 290.11 crore while netting buys of Rs 1,679.78 crore in debt instruments in the ninth month of calendar year 2003, according to the data available with Securities and Exchange Board of India (SEBI) here.

FIIs were net buyers in equities on 19 days and recorded their highest net inflow of the month at Rs 402.4 crore (USD 87.6 mn) on September 25 followed by Rs 395.3 crore (USD 86 mn) and Rs 385.8 crore (USD 83.4 mn) on September 10 and 5 respectively. On the debt front, the foreign funds were net purchasers for 12 days. They were net buyers to the tune of Rs 140.9 crore (USD 30.7 mn) on September 23.

Mutual funds were net sellers in equities on 11 trading days and recorded their highest net outflow at Rs 138.25 crore on September 09 followed by Rs 101.13 on September 04 and Rs 99.32 crore on September 10. In the debt market, the mutual funds were net purchasers at Rs 258.58 crore, Rs 251.84 crore and Rs 217.46 crore on September 02, 24 and 16 respectively.

Bureau Report