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December 8: During the week-ended December 4, foreign institutional investors pulled out $ 17.1 million from the Indian markets. This is a substantial increase over the $ 10.1 million they took out in the previous week. During the week ended December 4, FIIs were net sellers in the equity as well as the debt segment of the market. This is in sharp contrat to the previous week when FIIs were net buyers in the equity segment and net sellers in the debt segment. Net outflow during the week under review in rupee terms was Rs 72.4 crore.
According to the FII investment figures released by the Securities and Exchange Board of India (Sebi), while FIIs purchased equities worth Rs 79.5 crore, they sold stocks worth Rs 126.4 crore. This translates into a net outflow of Rs 46.9 crore, or $ 11.1 million, against a net inflow of Rs 14.3 crore, or $ 3.4 million in the previous week ended November 27. On the other hand, FIIs pulled out $ 6 million from the debt segment of the market for the period under consideration,lower than the $ 13 million net outflow in the previous week. However, continuing with their reluctance to make any fresh purchases in the segment, FIIs did not make any purchases in the segment. FIIs, for the ninth week in succession, did not make any purchases in the debt segment.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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