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Tuesday, February 27, 2007

FII: – Rs 582 Cr, MF +Rs 270 Cr


FII Gross purchases Rs 2483 Cr Gross Sellers Rs 3065 Cr Net Sellers Rs 582 Cr.
MF Gross Purchases Rs 821 Cr Gross Sellers Rs 550 Cr Net Buyers Rs 271 Cr.

The numbers are major Negative. There was a complete selloff yesterday and the numbers match the provisional numbers for yesterday for FIIs.
MFs were buyers... may be thats the reason the market recovered at close. Today also there was a selloff and the provisional numbers in excess of Rs 500 Cr. Probally were driven by the Chinese selloff or worries that inflation is too high for confort and growth numbers may disappoint in the face of rising interest rates. However these numbers are key.