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FIIs have been net buyers throughout this month

In a month characterised by extreme volatility in the markets, the foreign institutional investors, or FIIs, who are major sentiment-drivers in Indian markets were not net sellers even for single day.

All along they have been net buyers to the extent of Rs 20.00 billion, or $ 458.9 million. This flow has come in only nine straight trading sessions.

This is by far the largest FII amount to come in in such a short span. In entire February 2000, foreign funds brought in Rs 35 billion, or $708 million.

This kind of investment in normal market times would have resulted in the indices shooting up by at least 500 points. However, the market has hardly moved up this time around, despite heavy FII inflows.

This takes the total FII investment this year to Rs 65.02 billion, or $1491.2 million.

Going by the trend so far, this month could well be the one where FII investments could be the highest ever.

Date	Gross purchases	Gross sales	Net investments (in Rs Crore)	Net investment (in $million)
03/04/2000	820.7	387.9	432.9	99.3
04/04/2000	680.7	467.4	213.3	48.9
05/04/2000	358.4	252.4	106	24.3
06/04/2000	431.2	377.9	53.3	12.2
07/04/2000	593.5	231.2	362.3	83.1
10/04/2000	638.4	199.4	439	100.7
11/04/2000	312.9	252.1	60.8	13.9
12/04/2000	617.9	335.4	282.4	64.8
13/04/2000	286.4	236.1	50.3	11.5
Apr-till date			2000.3	458.7
Jan 2000			196.6	45.2
Feb 2000			3084.1	708.2
March 2000			1198.8	274.9
Total till date			41969.3	11701.1

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