Foreign Institutional Investors (FIIs) have been buying equities while selling debt. Till 26th November they bought around Rs. 8,000 cr. ($1.3 billion) in the stock market, while selling Rs. 5,700 cr. ($0.9 billion) of debt.
FIIs, though, remain strongly positive for 2013, with over 50,000 cr. of net investment.
They’ve bought 97,000 crores in equity (which is $16 billion), even though, for the year, the market index remains largely unchanged.