FII net purchase of equity in April hits Rs 7638 cr

Foreign institutional investors (FIIS) have transacted heavily in the equity market in April, with net inflows touching Rs 7,638.2 crore ($1.68 billion) in the month that saw the BSE register its biggest fall since March 2001 — 213 points.

In the debt market, FIIs indulged only in offloading to record net sales of Rs 918.7 crore ($203.9 million) during the first month of the fiscal year 2004-05, according to Sebi. Mutual Funds (MFs) behaved exactly in contrast, with their net sales touching Rs 279.04 crore in equities. In the debt market, net purchases stood at Rs 2,402.59 crore.

—PTI