FIIs in buying mode

Net inflow of Rs 325 crore on 2 March 2007

FIIs were net buyers of equities on Friday (2 March 2007), the day when the market fell sharply.

FIIs were net buyers to the tune of Rs 324.90 crore on 2 March 2007. This was in contrast to their huge outflow of Rs 3080.80 crore in four trading sessions, from 26 February 2007 to 1 March 2007.

FII net inflow of Rs 324.90 crore on 2 March 2007 was a result of gross purchases worth Rs 3442.40 crore and gross sales of Rs 3117.50 crore. The Sensex had declined 273 points that day due to a sell-off towards the fag end of the trading session.

The inflows had surged in early-February 2007 following an upgrade in India’s sovereign ratings by global rating agency, Standard & Poor's, (S&P) on 30 January 2007. The FII inflow was a robust Rs 2909.90 crore in five trading sessions, from 2 February 2007 to 8 February 2007.