Mumbai, Nov 5 : Foreign Institutional Investments (FIIs) remained net buyers as they put in Rs 127.6 crore in the stock market for the week ending November 3. Mutual funds were however net sellers at Rs 15 crore. However they were active in the debt market and the combined investment by them was Rs 70.5 crore during the same week. The week witnessed considerable FIIs activity in the equity market. FIIs remained buyers mostly in the old economy stocks.The technology stocks also performed well. The Indian benchmark BSE Sensex rose by over 245 points over the week to close at 3935.7 points.FII investments on November 2 was at Rs 269.4 crore which moved up the Sensex by 87.3 points. The majors gainers in the old economy scrips were Telco, Gujarat Ambuja, Larsen & Toubro and ACC.
Mutual Funds continued to remain net purchasers in the debt market at Rs 85.5 crore , while in the equity market they were net sellers at Rs 15 crore.There has been a gradual shift in investors' preference from equity related schemes to short term liquid funds that are mostly money market instruments.The total inflow in the debt related schemes during the year 2000 is at Rs 3134.2 crore as against an outflow of Rs 339.54 crore in the equity schemes.
Total investment by FIIs during the year 2000 is at Rs 6,500.7 crore.The depressed market condition also compelled many fund managers to reshuffle their portfolios of balanced schemes with more debt related instrument said an analyst
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