FII: -Rs 313 Cr, MF +Rs 192 Cr

FII Gross purchases Rs 2863 Cr, Gross Sellers 3176 Cr, Net Sellers Rs 312.7 Cr.
MF Gross Purchases Rs 519.50 Cr Gross Sellers Rs 327.63 Cr Net Buyers Rs 191 Cr.

Our View:

Thats a small FII number. The indicated was much bigger sale figure as per provisional numbers given out yesterday. The fiasco is that the Friday provisional FII figure came in negative and the final figure was actually positive, Really it has shaken the confidence of the investors.. However overall with more confidence in markets.. one may see some recovery and value buying accompanied by short covering. on the back of not so negative FII sale figure. Todays provisional figure of -489 Cr also is disheartening.. so expect selling on highs