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Drumbeat: Ad Buzzaar
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Wednesday, October 28, 1998
FII investments turn positive
ENS ECONOMIC BUREAU
MUMBAI, OCT 27: The FII investments turned positive in the week ended October 23, with the net FII investment recorded being Rs 48.20 crore. The gross purchases stood at Rs 198.10 crore while the gross sales were Rs 149.90 crore. This is in stark contrast to the earlier two weeks of the month when FIIs had pulled out Rs 224 crore in week ended October 16. All these investments were in equity with FII investment in debt being zero. The net FII investment for the month as of now stands at a negative Rs 509 crore. The cumulative net FII investment as on date is $ 8.66 bn.Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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