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FIIs pull out Rs 1 lakh cr from equity market since January
Deepak Korgaonkar / Mumbai November 20, 2008, 0:41 IST

Foreign institutional investors (FIIs) have pulled out Rs 100,000 crore from the equity market this calendar year so far, according to the provisional data on FII activities provided by the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

 
 
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However, the data compiled by the Securities and Exchange Board of India (Sebi) show the FII outflows in the current calendar year at Rs 52,244 crore ($12.95 billion).

The difference between the BSE-NSE outflow figure and the Sebi figure is on account of FII inflows of Rs 47,890 crore outside the trading ring.

According to the Business Standard Research Bureau data on FII inflows outside the trading ring this calendar year, they have made investments of around Rs 33,281 crore in preferential issues, Rs 7,293 crore in initial public offers (IPOs), Rs 3,844 crore in right issues and Rs 3,472 crore in companies that raised funds through Qualified Institutional Bidders issues.

NSE and BSE have compiled their data on the basis of trading codes entered by trading members at the time of order entry and corresponding client category classification provided by the trading members as part of the unique client code details upload. Thus, the FII trading data across BSE and NSE have been collated on the basis of trades executed by FIIs on both the bourses.

The Sebi data pertains to all activities undertaken by FIIs in the equity market, including trades in the secondary and primary markets, and activities in right/bonus issues, private placement, mergers and acquisitions etc.

The BSE provisional data show that FIIs have turned net sellers of Rs 100,134 crore (approximately $23.44 billion) in the equity market in the first 11 months of the current calendar year. They were net buyers of Rs 5,169 crore during the same period of the last calendar year.

Meanwhile, the data provided by the Emerging Market Portfolio Funds Research (EMPFR) have shown that foreigners have sold $61.8 billion of emerging markets Asian equities (ex-China & Malaysia).

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   Discussion Board / User Comments  (1)  
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Lakshman
Sir, As per SEBI, FIIs have withdrawn USD 13 bln so far this year. However this fig varies with that of NSE.
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