The foreign institutional investors' (FII) net purchases on December 6 touched its eight-month high for a single day net purchases.
As per the data released by the Securities and Exchange Board of India (Sebi), FIIs reported a net inflow of Rs 228 crore on December 6. It was way back on April 19 this year that FIIs net buying had peaked to Rs 301.30 crore.
The continuous net inflow for the week made FIIs net buying touch Rs 389 crore for the week (our reference period till December 6). This was against FIIs net outflow of Rs 46.7 crore in the previous week ended November 29.
Meanwhile, domestic mutual funds had a net outflow of Rs 26.60 crore as on December 6. However, with sustained net inflow for the first three days of the week, domestic mutual funds turned net buyer for the week at Rs 19.90 crore.
Excluding September, FIIs had been continuous net buyer for the calendar year 2001. In September 2001, FIIs were net sellers to the tune of Rs 248.7 crore.
In November, FIIs net inflow had dropped to its lowest level to Rs 150.60 crore. The net inflow in the Indian market had slipped to Rs 736 crore in July 2001. In March 2001, it was Rs 2,234 crore. These recorded highest ever net purchase of Rs 3,973 crore in January 2001.
