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This is an archive article published on November 29, 1999

FIIs become net buyers in Nov

MUMBAI, NOV 28: After three months of being net sellers, foreign institutional investors (FIIs) have turned net buyers in the capital mar...

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MUMBAI, NOV 28: After three months of being net sellers, foreign institutional investors (FIIs) have turned net buyers in the capital market during the first 25 days of November, with fresh investments of $ 254.7 million (Rs 1,106.5 crore).

During the week ended November 25, FIIs made a net investment of $ 38.6 million (Rs 177.3 crore) in the capital market, according to the latest data available with SEBI.

July was the last month, before November, in which FIIs were net buyers with $ 348.6 million and the following three months they remained net sellers august ($ 28.2 million), September (170.4) and October (139.5).

Still the net investments by the FIIs during the year to date $ 1159.3 million, is short of the July peak of $ 1247.3 million by $ 88 million. During November, FIIs have made net investment in equities and debt to the tune of $ 248.8 million (Rs 1,080.9 crore) and $ 5.9 million (Rs 25.6 crore). FIIs have made gross purchases of Rs 3,505.1 crore against gross sales of Rs 2,398.6 croreleading to net investment of Rs 1,106 crore during the month.

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