The FIIs were net buyers to the tune of Rs 1,182.56 crore in the last six trading sessions. On January 12, 2007 the FIIs bought equity worth Rs 396.62 crore while on January 15, they bought equity to the tune of Rs 304.04 crore. Since then, they have been slowly increasing their activity in the domestic bourses. However, if one takes the month of January in totality, they are net sellers to the tune of Rs 996.51 crore so far.
Interestingly, the retail clients (investors) are also net buyers and they bought stocks worth Rs 172.30 crore for the whole of January. Incidentally, this is the same period when the small- and mid-cap stocks were on a roll in the domestic equity market. Some market experts say that the FIIs have been stepping up buying, but havent reached full throttle just yet.
Gaurang Shah, head, HNI division, Geojit Financial Services, said, FIIs have begun buying now, but they are still not active in full strength. They would have done their allocation for the emerging markets, but are waiting for the ongoing results season to unfold fully. Besides, the union budget is fast approaching and FIIs are also cautious of any unpleasant surprises.
BUY & SELL
The FIIs were net buyers to the tune of Rs 1,182.56 crore in the last six trading sessions