Mumbai, Nov 02: The Foreign Institutional Investors (FIIs) were very active in equities and registered massive inflows to net purchases of Rs 6,797.5 crore (USD 1,482.2 million) in the month of October, which saw the BSE index inch closer towards the 5,000 mark. The FIIs, however, netted sales of Rs 74.6 crore (USD 16 million) in debt market during the reporting month, according to data available with Securities and Exchange Board of India (SEBI) here.

Mutual Funds (MFs), on the other hand, were net sellers in equities at Rs 342.5 crore and recorded net inflows in debt instruments to the tune of Rs 1,442.06 crore, it said. The foreign funds were net buyers in equities for 21 days and registered their highest net inflow of the month at Rs 582.3 crore (USD 126.7 mn) on October 06 followed by Rs 535.8 crore (USD 116.9 mn), Rs 521.2 crore (USD 113.7 mn) and Rs 517.8 crore (USD 112.7 mn) on October 20, 15 and 13 respectively, it added.

On the debt front, they were net sellers for four days. They registered net outflows at Rs 262.8 crore (USD 57.3 mn) on October 23 and Rs 89.9 crore (USD 19.6 mn) on October 21.

According to Sebi data MFs were net sellers in equities on 13 trading days in October while on the debt front they were net purchasers for 16 days. MFs netted sales of Rs 172.81 crore and Rs 110.84 crore on October 21 and 20 respectively in equity market.

In debt instruments, the MFs recorded their highest net inflow of the month at Rs 330.41 crore on October 09 followed by Rs 230.28 crore, Rs 174.43 crore and Rs 147.28 crore on October 06, 07 and 08 respectively.

Bureau Report