FIIs highest monthly outflow figure seen ever

Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

The market has remained highly volatile through the month due to suprime, which started in the beginning of the month, and Yen Carry trade then Indo nuclear deal. The BSE Sensex has lost nearly 1.5% or 232.39 points to close the month at 15318.60 level. At the end week of the month, the Sensex stablised over 15,000 mark.

Subprime lending problem in US and other countries has badly impacted Indian equity markets.  FIIs and MFs have again repeated history. As it is well known, that FIIs and MFs have always behaved in opposite direction in term of flows.

FIIs were the net sellers to the tune of Rs 8204.10 crore, which was highest monthly outflow figure seen ever while MFs net buyer to the tune of Rs 3701.90 crore, which was third  highest monthly inflows ever.

Some Yen Carry trade, which appreciated against dollar, and Indo-US nuclear deal, which opposed by Left party, have also knocked down the market for some sessions of the month but subprime remained the major cause of the month.

FIIs gross purchases were worth Rs 55,203.70 crore and gross sales of Rs 63,407.80 crore. MFs gross purchases were of Rs 15,631.30 crore and gross sales Rs 12,000.90 crore.

Last month (July) FIIs were net buyers to the tune of Rs 18,132.80, which was highest for the month in Indian equity and MFs net seller of Rs 900.80 crore.

Date	Equity Net Purchase/ Sales
	FIIs	MFs
30-Aug-07	-664.4	726.5
29-Aug-07	-192.1	59.8
28-Aug-07	365.5	45.9
27-Aug-07	1201.8	345.4
24-Aug-07	414.5	156.2
23-Aug-07	330.4	331.4
22-Aug-07	-668.1	211.6
21-Aug-07	-9.8	-16.5
20-Aug-07	92.8	152.3
17-Aug-07	-3242.7	878.3
16-Aug-07	-2849.9	239.2
14-Aug-07	-127.5	151.5
13-Aug-07	-520.2	23
10-Aug-07	-408.1	-169.8
9-Aug-07	382.6	45.4
8-Aug-07	190.2	377.3
7-Aug-07	-123.5	-5.3
6-Aug-07	-1166.7	47.9
3-Aug-07	192.8	256.8
2-Aug-07	-419	-7.5
1-Aug-07	-982.7	-147.5
TOTAL	-8,204.10	3,701.90