The foreign institutional investors were net buyers in equities at Rs 1,966.3 crore ($406.9 million), while mutual funds netted sales of Rs 354.21 crore in the month of February. FIIs and MFs, both, were net purchasers in debt at Rs 370.5 crore ($76.7 mn) and Rs 816.7 crore respectively in the second month of new calendar year, according to the data available with Securities and Exchange Board of India.
The foreign funds were net buyers in equities on 16 trading days and remained inactive in debt instruments on eight days.
On Feburary 28, the day of the bugdet, FIIs remained net buyers at Rs 178.8 crore ($37 mn) while abstaining from any activity in debt. The foreign funds bought equities of Rs 324.4 crore and offloaded to the extent of Rs 58 crore on February 15, thus making net purchases of Rs 266.4 crore ($55.6 mn), the highest for the month, followed by Rs 250.5 crore ($52.3) on February 11.
MFs were net sellers in equities on 15 days in the month and saw their highest net outflow of Rs 73.80 crore on February eight, when they bought and sold intruments worth Rs 63.87 crore and Rs 137.67 crore respectively. MFs bought and sold debt instruments worth Rs 329.90 crore and Rs 94.61 crore respectively, thus turning net investor at Rs 235.2 crore on February 18. They also netted heavy purchases of Rs 171.4 crore on February 25.
Bureau Report