The Indian equity markets got off to a rocky start in 2011. FIIs, who pumped a record USD 29.3 billion into the Indian markets last year, were booking profits as their portfolio did not deliver expected returns, revealed market watchers.
Meanwhile, mutual fund houses were net buyers of equity worth Rs 1,043 crore as FIIs turned net sellers to the tune of Rs 7,576 crore during the period of January 2011 till date. Taking a closer look at the mutual funds statistics of October-December quarter, the fund houses were net sellers with outflow of Rs 4,525 crore. In todayDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
