FII: + Rs 91Cr & MF +Rs 89.5 Cr

FII Gross purchases Rs 1716.5 Cr Gross Sellers Rs 1625.3 Cr Net Buyers Rs 91Cr.
MF Gross Purchases Rs 623.7 Cr Gross Sellers Rs 534.12 Cr Net Buyers Rs 89.5 Cr.

Our View:

Markets were ranged and thats what comes across with these FII figures. The issue to be worried about is that the markets have been rallying with not much of FII buying. Really it implies that buyers are not willing to sell. Heavyweights is not where the retail invests though there is activity in the mid caps. It would be tough to attribute the big gains to retail investors buying It would be interesting to look at the provisional FII figures as well for today.