fii project work

8/9/2019 Fii Project Work

http://slidepdf.com/reader/full/fii-project-work 1/104

A PROJECT REPORTON

IMPACT OF FII INVESTMENT ON INDIAN MARKETSAT

CALIBER SECURITIES PRIVATE LIMITEDHYDERABAD

DISSERTION SUBMITTED IN PARTIAL FULLFIMENT FOR THEAWARD OF DEGREE OF

MASTER OF BUSINESS ADMINISTRATION

Submitted by:T. RAJENDRA PRASAD

HALL TICKET No.XXXXXXX

VILLA MARIE P.G COLLEGE FOR WOMENSOMAJIGUDA, RAJBHAVAN ROAD, HYDERABAD.

(Affiliated to Osmania University, Hyderabad)2009-2010

1



DECLARATION

I, T.RAJENDRA PRASAD, a student pursuing M.B.A, here by declare that the project

work titled “IMPACT OF FII’S INVESTMENTS ON INDIAN STOCK MARKET” at

Caliber Securities Private Limited, Hyd is a Bonafied work done by me under the

guidance of Miss. Shruthi mam, lecturer, Dept. of business administration. Villa Marie

P.G. College for Women, Somajiguda, Rajbhavan Road, Hyderabad.

This project report is submitted in partial fulfillment for the award of degree of

P.G. College master of business Administration from Villa Marie for Women, Osmania

University, Hyderabad.

This Project Report is not submitted to any other University or institution.

Date:

Place: T.RAJENDRA PRASAD

2



ACKNOWLEDGEMENT

I would like to express my gratitude for all the people, who extended unending

Support at all stages of the project.

This report is a product of not only my sincere efforts but also the guidance and

Moral support given by the management of CALIBER SECURITIES PVT.LTD.

I express my sincere gratitude to my guide Mr. M.RAMA SUBBA RAO, Managing

Director & Guide Mr. M. RAMA KRISHNA RAO, CALIBER SECURITIES PVT.LTD.

Hyderabad for sparing his valuable time in giving the valuable information and suggestions

all through, for the successful completion of the project.

I also express my gratitude to all the employees at CALIBER SECURITIES

PVT.LTD. who has directly or indirectly contributed to the successful completion of the

project

Date:

Place: (T.RAJENDRA PRASAD )

3



ABSTRACT

Foreign Institutional Investors in Indian market have a significant role, with large

volume of trade and with global operations. These Foreign Institutional Investorsdominant in the market. In Indian foreign institutional investors have grown to such anextent that these can influence the market direction.

Stock markets have important role in economy building. Markets represent investof varied business communities of different spectrum of society markets bubble and burstin a specified period depending on various market variable. One of such variables isforeign institutional investors.

This study tries to find out the effect of foreign institutional investors over Indianmarkets. BSE sensex and NSE nifty indices are taken for the study as these indicates are

benchmark indices for other stock markets in our country and majority of foreigninstitution investors are in BSE followed by NSE. Monthly trading volume of foreigninstitutional investors is interpreted for better understanding.

Foreign institutional investors have gained a significant role in Indian capitalmarkets. Availability of foreign capital depends on many firm specific factors other thaneconomic development of the country. In this context this paper examines thecontribution o foreign institutional investment particularly among companies included insensitivity index (Sensex) of Bombay Stock Exchange. Also examined is the relationship

between foreign institutional investment and firm specific characteristics in terms of ownership structure, financial performance and stock performance. It is observed thatforeign investors invested more in companies with a higher volume of shares owned bythe general public . The promoters holdings and the foreign investments are inverselyrelated. Foreign investors choose the companies where family shareholding of promotersis not substantial. Among the financial performance variables the share returns andearnings per share are significant factors influencing their investment decision.

Key Words: Foreign institutional investors, Bombay Stock Exchange, Sensex,sharereturns, earning per share.

4



TABLE OF CONTENTS

S.NO TITLE PAGENO

1 INTRODUCTION

• OBJECTIVES OF STUDY

• NEED FOR THE STUDY

• SCOPE

• LIMITATIONS

• RESEARCH METHODOLOGY

6

2 REVIEW OF LITERATURE 13

3 COMPANY PROFILE 304 DATA ANALYSIS & INTERPRETATION 39

5 FINDINGS & CONCLUSIONS 100

6 SUGGESTIONS 102

7 RECOMMENDATIONS 102

8 BIBLOGRAPHY 103

5



INTRODUCTION

6



In this age of transnational capitalism, significant amounts of capital are flowing from

developed world to emerging economies. Positive fundamentals combined with fast

growing markets have made India an attractive destination for foreign institutional

investor (FIIs). Portfolio investments brought in by FIIs have been the most dynamic

source of capital to emerging markets in 1990s. At the same time there is unease over the

volatility in foreign institutional investment flows and its impact on the stock market and

the Indian economy. The stock markets in India had to put up the burden in terms of

being the second largest loser of foreign money in Asia accounting for 22% of the total

net sales –April-May 2006. One of the reasons for the attack of Black Monday is claimed

to be FIIs.

Statistical records provided by Securities and Exchange Board of India (SEBI) indicated

that both FIIs and domestic institutional investors together influenced market sentiment.As per the information provided in BSE India.com during the fortnight from May 16 th to

May 31 st 2006, the withdrawals by FIIs were to the extent of US$2.061 billion. This

explains the fact that sales of FIIs had a major impact on the market and this impact led to

the crash.

Apart from the impact they create on the market, their holdings will influence firm

performance. For instance, when foreign institutional investors reduced their holdings in

DR.Reddy’s Lab by 7% to less than 18%, the company dropped from a high of around

US$30 to the current level of below US$15. This 50% drop is apparently because of

concerns about shrinking profit margins and financial performance. These instances

made analysts to generally claim that foreign portfolio investment has a short term

investment horizon. Growth is the only inclination for their investment. Their strategy is

‘Why take risk when you are not in profit-exit. According to the industry experts, hedge

funds played a very active role in Indian stock market since 2003 by entering both Indian

cash and derivative market. The upward trend in the domestic market is due to hedge

funds and not due to regular long term IIS. Thus the foreign portfolio investments are

found to be very volatile in nature.

7



Despite these observations, countries and firms are interested in attracting foreign capital

because it helps to create liquidity for both the firms stock and the stock market in

general. This leads to lower cost of capital for the firm and allows firm to compete more

effectively in the global market place. This directly benefits the economy and the

country. Availability of foreign capital depends on many firm specific factors other than

economic development of the country.

Contemporary research has investigated only the portfolio preferences of FIIs from the

viewpoint of fund management companies. This paper attempts to examine the specific

characteristics of the firms included in sensitivity index (Sensex) of Bombay Stock

Exchange and their influence in attracting more foreign institutional investment

8



OBJETIVES OF THE STUDY:

• To study the concept of FII origination in Indian markets.

•

To study the evaluation of FII policies from its origination to till date.• To study the trends of FII flows into Indian markets.

• To study the effects of FII flows on Indian markets.

• To study the limitations or backlogs in the regulations of FIIs.

• To study the measures which help the accumulating forex reserves to be used

efficiently?

• To study the market which changes its behavior along with the FIIs?

NEED FOR THE STUDY:

The need for the study arises because of the amazing performance of the market

never before. This is because of the huge inflows of FIIs during the last 3 years. From

2003 there has been a bull run, though there is some temporary fall down in sensex where

there was a great loss of even 800 sensex points in single day, which did not stop till date.

Indian sensex have touched the magical figure in March 2006 which was to the credit of

the Bull Run. So as there was a bull run so far and there a tradition of a bearish marketafter a bull run and there is a need to know whether it is a standard bull run or speculative

one. There was a need to study how the FIIs effected the market and how the FIIs are

acting in investing in equity, debt, and derivatives. FIIs have a very unique tendency i.e.

they can make the markets and break the markets. They are efficient enough to create a

stable strong market and efficient enough to speculate the things even in stable market

and destroy its fundamental strength. FIIs have a tendency of herding which is very

dangerous they don’t bother about the domestic markets they just follow the rumors and

pull off their investments.

SCOPE:

The scope of the study s the total FIIs flows into Indian markets i.e. BSE, NSE

and other stock exchanges. FIIs relating to India are only studied.

9



LIMITATIONS OF THE STUDY:

The study is based on research on FII origination, FII policies, FII regulations,

trends, fluctuations of FII investment, and effects of FIIs on Indian markets at different

occasions.

The limitations of the study are:

The study only covers the areas of FIIs and their effects. The study is carried out

based on the secondary data. So the results or a finding of the study is subjected to the

data used in the study.

It does not deeply concern about the determinants of FIIs and the beneficiary

jargon of FIIs. The study covers the FII picture on Indian markets leaving the internal

part of its determinants. FIIs and their investments are only covered in this study.

10



RESEARCH METHODOLOGY

Research refers to search for knowledge. One can define research as a Scientific

& Systematic search for pertinent information on a specific topic. Research is an original

contribution to existing stock of knowledge making for its advancement. It is the pursuit

of truth with the help of observations.

Type of Research:

The Research which will be carried out by me is descriptive & analytical

Research. The Research is on” A Study of Impact of Foreign Institutional Investors

on Indian Stock Markets “.I am focusing my research on Bombay Stock Exchange. In

this research used FIIs Gross Purchases & Sales data. to analyse the volatility.

11



Data Collection:

Primary data : This information is gathered from Caliber Securities Private

Limited by interviewing Caliber Securities Executives.

Secondary data: Sources have been used for the collection of the data used in

the research.

Collecting data from Internet.

Collecting data from BSE, SEBI websites etc.

Collecting Information from books.

Collecting data from Magazines.

Sample Size :

18 Months data was collected as:

Monthly data of FII flow in equity (2008-2009)

Tools for Analysis:

Various Graphs/Charts etc.

12



REVIEW

OFLITERATURE

13



Who Is Eligible?

Any investor who must pay taxes to a foreign government on investment income realized

from a foreign source may be eligible to recoup some or all of the tax paid via this credit.

Of course, the foreign tax credit cannot be claimed for any taxes that are paid on income

that is excluded from taxation by the Internal Revenue Service (IRS). It must also be

noted that the foreign tax credit only applies to investment income . Taxpayers who earn

income in a foreign country must apply for the foreign tax exclusion and are ineligible for

the credit. Furthermore, the credit is disallowed for nonresident aliens, unless they were

residents of Puerto Rico for a full taxable year or were engaged in a U.S. business or line

of work that paid them direct income. Citizens living in a U.S. territory other than Puerto

Rico are likewise excluded. Finally, no credit is available for investment income realized

from any source within a country that has been designated as harboring terrorist activities

( IRS Publication 514 provides a list of these countries.)

Deduction vs. Credit

Any taxpayer who is eligible to claim the foreign tax credit has a choice between takingthe credit, or deducting the foreign tax paid as a miscellaneous itemized deduction . In

most cases, it is probably more beneficial to take the credit, although there may be certain

situations where the deduction should be taken instead. However, only one option can be

used in any given year. All foreign tax paid must either be completely deducted or taken

as a credit; the election cannot be split between the two choices. Cash-basis taxpayers

(who deduct expenses or taxes in the year in which they are actually paid) can claim the

credit for foreign taxes that have accrued. However, they must continue using the accrual

method from then on. (For more information, check out our Income Tax Guide. )

15

http://www.investopedia.com/terms/u/unearnedincome.asp

http://www.irs.gov/pub/irs-pdf/p514.pdf

http://www.investopedia.com/terms/i/itemizeddeduction.asp

http://www.investopedia.com/terms/c/cashbasis.asp

http://www.investopedia.com/terms/a/accrualaccounting.asp


http://www.investopedia.com/features/incometax.aspx

http://www.investopedia.com/terms/u/unearnedincome.asp

http://www.irs.gov/pub/irs-pdf/p514.pdf

http://www.investopedia.com/terms/i/itemizeddeduction.asp

http://www.investopedia.com/terms/c/cashbasis.asp



http://www.investopedia.com/features/incometax.aspx



Reporting Foreign Income and Claiming the Credit

All foreign investment income is reported on Form 1040 in U.S. dollars. The foreign tax

credit can be claimed by completing IRS Form 1116, unless you qualify for the de

minimus exemption . This exemption allows taxpayers who paid $300 or less of creditable

foreign taxes ($600 if you are married filing jointly ) to skip Form 1116 and simply

deduct the taxes paid on Line 51 of the Form 1040. In order to qualify for this exemption,

the foreign income earned on the taxes paid must be qualified passive income . (Form

1116 has instructions on how to make this election.)

What Taxes Qualify for This Credit?The foreign tax credit can only be taken by taxpayers who have paid foreign income

taxes, excess profit taxes or other similar taxes. Taxes that are paid for sales, production

or personal property cannot be claimed. According to IRS Publication 514 , the credit can

be used for the following types of taxes:

• Taxes that resemble U.S. income tax• Any taxes that are paid by a domestic taxpayer as a substitute for income tax that

would ordinarily be required by a foreign country• Foreign income tax that is measured in terms of production because of inability to

determine basis or income within the country• Pension, unemployment or disability funds from a foreign country (some foreign

social security-type income is excluded)

16

http://www.investopedia.com/terms/1/1040.asp

http://www.investopedia.com/terms/d/deminimistaxrule.asp


http://www.investopedia.com/terms/m/mfj.asp

http://www.investopedia.com/terms/p/passiveincome.asp

http://www.investopedia.com/terms/1/1040.asp



http://www.investopedia.com/terms/m/mfj.asp

http://www.investopedia.com/terms/p/passiveincome.asp



Features of FII

When it comes to finding the best dividend stocks, you'll probably want to use an

automated stock dividend screener as a tool to find good candidates to buy. Screening is a

way to scan the stock market for stocks that meet your particular criteria. Dividend

investing can be very profitable, and while there are many stock screening programs out

there (some you pay for, some are free - I'll list a couple of free ones at the end of this

article), it is important to understand the characteristics of good dividend stocks, so your

screening tool can help you filter out unacceptable choices.

For an easy dividend stock screener to find the best dividend stocks, I would suggest

focusing on the following qualities to help find strong dividend stock candidates:

Dividend Yield - The dividend yield can be calculated primarily in one of two ways -

either by using the trailing 12 months dividends, or by using the expected dividends for

the upcoming 12 months, and then dividing that number by the current price of the stock.

Ideally you want to buy dividend stocks that have a yield that is higher than the overall

market. Stock market yields as well as individual stocks yields will fluctuate over time, asstock prices move up and down, and the amount companies pay out in dividends changes,

so it is good to check these factors right before you buy a stock, and not just rely on data

you put together at some earlier point in time. At this time, I would suggest looking for

stocks with dividend yields of at least 4% to 5%.

Profit - Also known as earnings, profit drives company growth, and more importantly for

us, profit is what pays dividends in healthy stocks that pay dividends (some company's

pay for dividends by taking on more debt, and distributing that cash to share holders - seethe next paragraph for more on debt). While there are many ways to measure

profitability, one widely used indicator that can be found on most stock screens is return

on equity (ROE). For ROE, the higher the better. The minimum ROE we want is in the

10% to 12% range. Another great indicator for profitability that is available on many

17



stock screeners is earnings per share (EPS) - again, the higher the better for this indicator

too.

Debt - Many of the best dividend stocks are from companies that are large, mature, and

have accumulated long term debt during the process of growing into their current state.

The problem with debt is that too much of it can represent a risk to future dividend

payments if the company goes into a rough patch, and earnings drop to the point where

they may need the money they normally pay out as dividends to service their debt

payments. One easy way to measure debt is to look at the debt to equity ratio. For our

purposes, we would like to see the company financed with more equity than debt, which

means that our dividend stock screener would need to limit the debt to equity ratio to less

than.5, and ideally, you should look for stocks with a ratio even lower than that.

Market Cap - Also known as the market capitalization of a company, is a good way to

filter the size of the company you are looking for. Market cap is just the total number of

shares outstanding, multiplied by the current price of the stock. Most analysts use this as

the measure of a company's size. For our dividend investing purposes, we want strong

stable companies, and bigger companies are generally safer than smaller ones, so for

market cap, select stocks that are at least $2 Billion.

Valuation - This is how much the market is paying for a company's earnings stream. For

this, we actually want a low valuation, because that usually means that a company's stock

price has been beaten down relative to it's earnings. The price to earnings ratio (P/E) is a

widely available indicator that can help you assess valuation on a free dividend stock

screener.

18



Advantages of FII

The Securities and Exchange Board of India (SEBI) is one of two regulators of India's

derivatives market. The other, the Forward Markets Commission (FMC) oversees futures

on physical commodities where SEBI administers financial products. SEBI is an

independent agency created in 1992 and is a department in the Ministry of Consumer

Affairs Food and Public Distribution. As of 03 April, 2007, there were 996 Foreign

Institutional Investors (FII) directly registered with SEBI. FIIs, in most cases, must

receive approval from SEBI before they can commence trading in India. There are 4

ways for an FII to access the India market.

1. Direct Registration : XYZ Capital (XYZ) registers itself as a FII with SEBI. XYZ

must be regulated by an overseas regulator. The FII will then pay SEBI an US$10,000

registration fee to gain a 3 year license. Depending on the track record and experience of

XYZ Capital registration can take from 1 month to 1 year. Trading occurs through a local

broker under XYZ's FII license. XYZ also requires an onshore local bank and custody

account.

2. Sub Account : XYZ becomes a sub account (SAC) of another FII by first registering

itself with SEBI. The registration fee payable to SEBI is US$ 2,000. The license is valid

as long as the FII's SEBI account where XYZ holds its sub account is valid. Trading in

the name of SAC occurs through a local broker and an onshore bank and custody account

must be opened.

3. Mauritius : XYZ acquires an FII registration under the main Master fund. XYZ

registers a 100% subsidiary in Mauritius (XYZM) which becomes the sub account of XYZ. Trading is carried out through a local broker in the name of XYZM. The additional

cost of setting up a Mauritius entity and annual audit, director fees, etc. must be

considered. Trading occurs through a local broker under XYZ's FII license. XYZ also

requires an onshore local bank and custody account. According to the Double Taxation

19



Avoidance Act (DTAA)between India and Mauritius, Capital Gains arising from sale of

shares is taxable in the country of residence of the shareholder and not in the country of

residence of the Company whose shares have been sold. Therefore, a Company resident

in Mauritius selling shares of Indian Company will not pay tax in India. Since there is no

Capital Gains tax in Mauritius it will escape tax altogether.is restricted by position limits

and inventory. However, there is no need to deal with a local broker, no capital gains tax,

no local bank or custody accounts and no extra set up time and cost. SEBI has cleared

Short selling by institutions and will initially be restricted to 159 stocks in which

derivatives trading is allowed.

4. Offshore Access : XYZ approaches an offshore investment bank and accesses India

indirectly though offshore products such as Total Return Swaps. Using an over-the-counter instrument known as a participatory note or PN, a FII takes a position in the

Indian market, then issues a PN with the same nominal value to XYZ. Of course the

transaction costs are twice as much to XYZ and the FII

20



Various investment Opportunities

Every investor has his or her own strategy, style and risk tolerance. Obviously no one

investment will be appropriate for everyone. Have you ever considered that certain

investments may be more or less suitable for your portfolio based on your age? Below is

an overview to help you identify investment opportunities according to your stage in life.

Risk

When we talk about investments and consider the age factor, it all boils down to risk.

We've all heard the old cliche about greater risk bringing greater rewards. On the other

hand, it can also result in greater loss. So as we define which types of investments are

appropriate at each stage of the human life cycle, we do it within the framework of risk

level involved.

Ages 18-35

Ah, to be young! Early-life investors have one tremendous weapon against the downside

of risk - time. People in this age group can and should invest is speculative stocks andother high-risk (and possibly high-reward) investment. The reasoning is that if the high-

risk stocks result in loss, the investor has plenty of time in which to make up for that loss.

Ages 36 - 55

As an investor enters the early-midlife stage, he or she must start building a strong

portfolio base. In order to do so, a widely recommended strategy is to start adding more

growth-oriented stocks to your mix of speculative investments. The percentage of growthstocks to risky stocks will depend greatly on the individual's comfort with risk as well as

his or her investment history and experience.

21



Ages 56 - 65

The later midlife stage naturally produces greater risk intolerance. This age group of investors should be focused on growth and income investment opportunities more than

high-risk speculative stocks. The strategy here is to protect and grow a solid portfolio.

Investors who have done well in the past and are comfortable with risk may still choose

to engage in speculative opportunities, especially if they have keen instincts.

Ages 65 and Up

Investment opportunities that are most appropriate for this age group include incomedriven stocks and safe investments that will generate interest that the individual can live

off. Most people spend a lifetime building up a nest egg. Though retirement is seen by

many as the time to finally enjoy the rewards of a lifetime of investment, it is also

important to secure some regular, ongoing income by way of interest and/or dividends.

Diversification

No matter what age group you fall into, you must know that the only way to grow a portfolio while minimizing risk and volatility is to diversify. Spreading your assets

among various different types of investments will balance your portfolio and minimize

downside. Some of the asset classes you should include are stocks, bonds and short-term

investments. You should also aim to diversify your investments within each asset class.

By doing so, you minimize risk further because you are less likely to take a big hit when

a single investment performs poorly

22



Uses of FII

The continued expansion of the global marketplace is creating many new avenues for

investors seeking opportunities outside American borders. Of course, the U.S.government assesses tax on all income earned from foreign sources. Domestic taxpayers

with direct holdings in foreign investments must therefore pay taxes not only to Uncle

Sam, but possibly also to the foreign country in which their investment is located.

However, the foreign tax credit is available for those who realize income from foreign

sources. In this article, we will examine the major provisions of this credit and who is

eligible to receive it. (For background reading, see How do I file taxes for income from

foreign sources? )

Stocks

One can invest in shares of a company. To invest in a public company, one only requires

the help of a broker. Only certified brokers are allowed to perform transactions on the

floors of the major stock markets. There are many different kinds of companies trading in

many different sectors. Generally, investors can use the stock market to find the type of

risk to reward situation they seek. However some caution should be placed on the fact

that stocks tend to follow the general mood of the stock market as a whole. For instance,

the last year has not been exactly profitable for most investors. The whole market was

bearish, so even the good stocks went down. However, sometimes the whole stock

market (or a whole sector) is bullish during these times investing can be very easy and

profitable.

Options

The holder of an option has the right to buy or sell a particular asset at an agreed price at

a particular time. Options provide investors with leverage on the underlying asset. One

can purchase either call options (for upwards price expectation) or put options (for

downward price expectation). For example, one would buy a call option on Microsoft if

one thinks it has a good probability of going up soon.

23

http://www.investopedia.com/terms/i/incometax.asp

http://www.investopedia.com/ask/answers/07/taxtipforeign.asp


http://www.investopedia.com/terms/i/incometax.asp





Options usually have expiry dates set three, six, or nine months in the future. Options can

be used not only to gain leverage on potential price moves, but also to hedge holdings.

Hedging is a business technique used to eliminate risk within future price fluctuations i.e.

if you have an option that gives you the right to purchase 5000 tons of rice at US $750 in

9 months from now, then your business would not have to worry whether or not the price

of rice will have changed by that time. Hedging your positions can be a good strategy to

minimize risk in volatile markets. Of course options in volatile markets are in most cases

more expensive than normal.

LEAPS (Long-Term Equity Anticipation Securities)

LEAPS are a relatively new investment vehicle. They are in principal the same as

options, except for their longer expiration dates. LEAPS have expiration dates one to

three years in the future. Since equity price movements can be of a much larger scale

during a time-span of one to three years, then so also are the premiums more expensive.

Major gains can be achieved with the usage of LEAPS, however the risk associated

means they must be used cautiously.

Warrants

Warrants are traded on all the major exchanges. Warrants give you the right to buy a

stock at a certain price until the expiry of the warrant. Warrants provide leverage to the

investor. Often warrants are included in private placements to give more incentive to

investors. Thus, as an investor you should look for those financings that integrate a nice

warrants package.

Corporate Bonds:

Companies take on debt so that they can expand more rapidly. As an investor you can

buy that debt in the form of corporate bonds. The bonds will pay you quite high interest.

The security of the bond is tied together with the health of the company. The more stable

you think the company is, the better the bonds are. Corporate bonds are not usually as

safe as government bonds, but their higher interest compensates this. For those people

24



who wish to take on a small level of risk while earning money in the form of interest,

corporate bonds are a good choice.

Government Bonds

The same things as above, except you're buying the debt of a country. This is usually

safer than corporate bonds, but consequently they pay less interest. The Government of

Canada offers Canada savings Bonds. They are on sale between October and April. They

pay a low amount of interest, and mature at the end of ten years. In the United States one

can buy Treasury bills (t-bills), Treasury notes, and Treasury bonds. T-bills are short-

term investments that are bought at a discount to their real value. Upon maturity the full

value is received. You can buy T-bills that mature in 28 days or 91 days. If you have free

cash that you want to secure for a couple months, then T-bills are an ideal choice.

Treasury notes are for longer-term investments ranging from two to ten years. They give

a coupon payment every six months. Treasury Bonds are for the extreme long term, from

twenty to thirty years, giving coupon payments just as treasury notes.

Money Markets Funds

These are popular financial instruments that provide a convenient place to store money

for short time frames. Money market funds invest the money given to them into highquality debt. They are very liquid and usually give out higher interest than the fed funds

rate. Money market funds can be used as a location to put any loose cash, almost like a

bank account.

Bank Interest

Just putting your cash in the bank is very liquid. As long as the bank is in good business

health, you can take your money out at anytime. On the other hand the interest is usually

low in comparison to t-bills and money market funds.

25



Forward Contracts

An agreement is made for the exchange of an asset. Cash is paid now, and the asset is

exchanged at a set time in the future. Forward contracts can be useful to mitigate risk

associated with the future.

Futures

An agreement is made for the exchange of an asset at some point in the future. A

premium is required to acquire the futures. When the settlement date comes, the

commodity is delivered and the preset amount of cash is paid. These can be used to

decrease risk; and they are leveraged instruments used to make money on commodities.

Note that Options, Forward contracts, and Futures are all derivatives.

Commodities

Commodities are sometimes considered good investments. They can appreciate in capital

value. You can buy them physically, or use the futures markets to get leverage. All

commodities are of a standardized quality. For smart investment in commodities, good

supply and demand fundamentals as well as price cycles must be studied. It's nearlyalways a good idea to keep a stern eye on the commodities market. Commodities are the

fuel on which most modern business is based on, and thus movements within the

commodities markets can drastically affect the world markets. Although it may change,

the most important commodity right now is oil. When the oil price rises, all fundamentals

in oil based industries change considerably. But the change is not only kept to the oil

based industries, oil price increases negatively affect most car companies. An oil price

that is too high means consumers won't have any money to spend. This causes all sorts of

industries to cave in. Since almost everything at one point or another is created or

transported with oil, its price increase makes everything more expensive. Increases in the

oil price sometimes even coincide with increases in the Canadian Dollar, due to Canada's

large oil industry.

26



Foreign Exchange

This is investment in a country versus another. If one were to take a long position in the

EURUSD pair, than one would be expecting either the EUR to become stronger or the

USD to become weaker, or both. Extreme amounts of leverage are available in the

Foreign Exchange Markets. The Foreign Exchange market is also extremely liquid. Daily

trading volumes amount to over three trillion units. Types of instruments include futures,

options, spots, forwards, and swaps. The foreign exchange market can be used to hedge

international currency risk. Carry trades may also be implemented. In a carry trade the

investor is targeting the interest rate differential between two countries. If this difference

is large, then a decent amount of interest can be made.

Real Estate

This is probably one of the most common investment mistakes. Often people think that

buying a home is an investment. It's an investment, but one must decide whether it's

profitable or not. Commonly people buy a home with living style in mind, which is a very

questionable approach. In most cases a house is not an investment. Rather it's a liability.

It's what one uses to live in. By taking a mortgage, people end up paying substantially

more than the value of the house. Of course, for certain people, real estate investment is areal possibility. Cycles within the real estate market can be decimating if not vigilantly

watched and followed.

Mutual Funds

These are a certain type of businesses in which you can invest. In turn their business is

investing. Their sales pitch is that they are professional investors, and can probably do

better than you. This is not always true. When investing in mutual funds you must do

research on the people who work there, and then make a judgment on their capability. For

those investors who have scarce extra time, mutual funds are solution. However giving

your money to someone who might not understand your risk tolerance isn't usually a

good idea. Mutual funds trade large pools of cash, so they can't take into account your

own personal risk models.

27



The style of investment that the investor should be using will largely depend on the time

considerations and the money considerations. If the investor doesn't have large amount of

time available to him, then he should choose something like mutual funds, which require

almost no time at all. The amount of money available to the investor will also dictate the

style of investment. For example, a person with under US $5,000 would have a very hard

time investing in the real estate markets.

The power of compounding can allow our investments to reach unimaginable levels. In

investing, the effects of compounding can be seen very clearly. Another thing in which

compounding can be observed is in inflation. Inflation is always biting away at our

savings. Without investment we are unable to defend ourselves against inflation.

Investment is for the purpose of value retention as well as capital gains. Before putting

your money into an investment, always ask yourself honestly if you think that the risk to

reward ratio suits your situation. You should always be asking yourself, "How much can

I afford to lose?" After you have posed yourself this question you can proceed to

carefully research all the factors that can have an effect on the price.

Investment is a good part of any financial plan. The benefits can be great if done

properly. With a dedicated mind and adequate money as well as time, the average personcan greatly increase his financial situation through engaging in attractive risk to reward

investment scenarios.

29



COMPANY

PROFILE

30



THE OBJECTS INTIDENTEL AND ANCILLARY TO THE

ATTINMENT OF THE MAIN OBJECTS ARE:

To all acquire all or any party of the business or property and any liabilities of any

person, firm, association, or company possessed of property suitable for any of

the purpose or company of this company or carrying on any business which this

company is authorized to carry on and upon any terms and for any consideration

and in particular for cash or in consideration of the issue of shares, stock or

obligations of the company.

To apply for purchase, or otherwise acquire, any patents ,licenses, concession and

the like conferring any exclusive or non exclusive or limited right to use, on any

secret or other information relating to the business which mat seem capable of

being used for any for the purpose of the company, or the acquisition of which

may seem calculated directly or indirectly to benefit the company and to use

exercise, develop or grant licenses in respect of or otherwise turn to account the

property rights or information so acquired.

To payout of the company’s funds, the cost and expenses incurred in connection

with all matters preliminary and incidental to the formation, promotion and

incorporation of this company and the costs and expenses incurred in connection

with all matters preliminary and incidental to formation and incorporation of any

company which may be promoted by this company.

To remunerate any person or company for services rendered or to be rendered in placing or assisting to be place or guaranteeing the placing any of the shares in

the company’s capital or debentures, debenture stock or other securities of the

company or the conduct of its business.

32



To borrow or raise money or any terms without security or on the security of land,

buildings, machinery, tools, bills of exchange, promissory notes, bonds, bills of

lading, warrants, stocks, shares, debentures, book debets undertakings of the

company and properties of every description or any one of them.

To give any guarantee or provide and security in connection with loan made by

any other person, firm or body corporate to any person, firm, body corporate, for

any purpose whatsoever and on any term’s whatsoever.

To invest and deal with the monies of company not immediately required in such

manner as may from time to time be determined.

To create, execute, grant or issue any mortgages, debentures, debenture stock or

bonds either at par, premium or discount and either redeemable, irredeemable

secured upon all or any part of the undertaking rights and properties of the

company present and future including uncalled capital or the unpaid calls of the

company.

To amalgamate with any other company having objects altogether or in partsimilar to those of this company.

To promote and aid in promoting constitutes, firm, organize companies,

syndicates or partnerships of kinds of the purpose of acquiring and undertaking

any property and liabilities of the company or of advancing directly or indirectly

objects there of, or for any other purpose for which this company may think

expendient.

To enter into partnership or into any arrangement for sharing profits upon of

interests, co-operations, joint venture, reciprocal concession or otherwise with any

person or company carrying on or engaged in or about to carry on or engage in

33



any business or transactions capable of being conducted so as to directly or

indirectly benefit this company.

To pay for any properties, rights or privileges acquired by the company either in

shares or debentures of the company or partly in shares and debentures and partly

in cash or otherwise,

To take otherwise, acquire, and hold shares in any other company having objects

altogether or in part similar to those of this company or carrying on other business

capable of being conducted as to directly or indirectly benefit this company.

To contribute subject to the provision of low to the funds of any association or to

any individual, firm or body corporate which in the opinion of the company is

beneficial to the company.

To contribute to charitable and other funds whether directly or indirectly, relating

to business of the company or for welfare of its employees.

To grant pensions or guarantees to any employee or to his window or children andgenerally to provide for welfare of all employees.

To purchase or take on lease or in exchange, hire or otherwise acquire any

movable or immovable properties and any rights or privileges which company

may think necessary or expedient for the purpose of its business.

To sell the undertaking of the company or any part there of for suchconsideration as the company may think fit and in particular for shares,

debentures or securities of any other company having objects altogether or in part

similar to those of this company.

34



To sell or sub-let any concession or license obtained or contracts entered in to and

generally to sell the whole or any part of the property and business of the

company for the shares or obligation of any person or persons.

To improve, manage, cultivate, develop, exchange let in lease, mortgage, sell,

dispose off, turn to accounts, grant rights and privileges in respect of, or otherwise

deal with all or part of the properties and rights of the company.

To open any kind of account in bank of and to take, accept, endorse and execute

promissory notes bills of exchange and other negotiable instruments.

To insure all or any of the properties or assets or obligations of the company of

whatsoever nature, against any risk whatsoever.

To get the company registered or organized in any foreign country.

To adopt such means for making known the company as may seem expedient and

in particular by all kinds of advertising.

To do all or any of the above things as principals, agents, contractors, trustees or

otherwise either alone or in conjunction with others, and to do all such other

things as are incidental, or as the company may think conducive ti the attainment

of the above objects or any of them.

To establish and maintain agencies and branches at any place or places in the

dominion of India, or other parts of the world for the conduct of business of thecompany.

35



OTHER OBJECTS:

1. To buy, sell, manufacture, refine, manipulate, import, export, and deal wholesale or retail in commodities, substances, apparatus, articles and things of all kinds, capable of

being used or which can conveniently be dealt in by the company in connection with any

of its objects.

2. To carry on all kinds of agency business and to take part in the management,

supervision or control of the business or operations of any other company, association,

firm or person and in connection there with to appoint and remunerate any directors,

accountants and other experts or agents.

3. To carry on the business of export, import, distribution, of all merchandise and to act

as agents, stockists, distributors, for firms curve, pave, cement and maintain buildings,

structures, and companies in India and abroad.

4. To enter into brought out deals with other companies in India or abroad.

5. To carry on any where in India or abroad the business as shipping agents, ship

managers, brokers, shippers, tug owners, trawler owners, boat and barge owners, light

man, transporting and forwarding agents for land and waterways, dock owners,

warehouse men and ship stores merchants.

6. To establish and maintain lines of steam and other ships and general to transport

goods and passengers and to purchase, charter hire, build or otherwise acquire ship and

vessels or let out, hire, or charter or otherwise deal with and dispose of any such ships or

vessels.

36



7. To carry on the business of developing of software on internet for various

applications and various organization on internet, development of the internet

connectivity design, implementation and maintainence.

8. To carry in India or anywhere the business of e-commerce, business, internet fax

gateway services or and other type of related business on internet.

9. To carry on the business of providing web sites and also providing technology for

intranet activities and all activities on Internet.

10. To buy, sell, deal in import, export, carry on Research and Development of software

and hardware and any other solutions in India or abroad.

11. To import training conduct seminars, workshops, short term, long term, courses on

computers ,computer maintenance ,software development, software exports and to depute

personnel to develop and design software in India or abroad.

12. To purchase, sell, develop, take in exchange, or on lease, hire or otherwise acquire

whether for investment or sale, or working the same, any real or personal estate

including lands, mines, business, building, factories mill, houses, cottages, shops, depots

warehouses, machinery, plant, stock in trade., mineral rights, concessions, privileges,

licences, easement or interest in or with respect of any property or interest in or with

respect with respect to property whatsoever for the purpose of the company in

consideration for gross sum or rent on partly in one way and partly in other or for any

other consideration and to carry on business as proprietors of faults and buildings and to

let on lease or otherwise apartments there in and to provide for the conveniences

commonly provided flats, suites and residential and business quarters.

37



THE LIABILITIES OF THE MEMBERS OF THE COMPANY IS

LIMITED ;

1. The authorized share capital of the company is Rs.10,00,000/- dividend into 1,00,000,

equity shares of Rs.10/- each, with power for company to increase or reduce the said

capital in power for company to increase or reduce the said capital in accordance with

the applicable provisions of the companies act, 1956, and to issue any part of its capital,

originally issued, with or without any preference priority or special privilege, or subject

to any postponement of rights, and to any conditions or restriction, and so that unless theconditions of issue shall otherwise expressly declare, every issue of share, whether

expressed to be preference or otherwise shall be subject to the powers herein before

contained.

2. The share capital of the company (whether original, increased or reduced may be sub

divided, consolidated or divided into such classes of shares as may be allowed under the

law for the time being in force relating to companies with such privileges or rights as may

be attached and to be held upon such terms as may prescribed by the Articles of

association of the company.

PROMOTERS:

Caliber Securities (PVT) Ltd is promoted by Mr. M. Rama Subba Rao and his

family. The 100% holding of the company is in the hands of his family.

The director Mr. M. Rama Subba Rao is having in depth knowledge of stock

markets. He is an investor and investment advisor since 1993 and attended more than 5,

00, 000 investor grievances. The director is a graduate from Andhra University and has

certifications of NSE and BSE on six modules.

38



DATA ANALYSIS&

INTERPRETATION

39



FII ACTIVITY IN THE MONTH OF APRIL-2008

Debt/Equity

Gross

Purchases(R

s Crores)

Gross

Sales(Rs

Crores)

Net

Investmen

t (Rs

Crores)

Net

Investmen

t US($)

million

Conversion(1

USD TO

INR)*1-Apr-08 Equity 2964.2 2953.4 10.8 2.7 Rs.39.97

Debt 0 0 0 02-Apr-08 Equity 2661.4 3849.6 -1188.2 -297.3 Rs.39.97

Debt 0 0 0 03-Apr-08 Equity 2898.6 2918.7 -20.2 -5 Rs.39.98

Debt 0 0 0 04-Apr-08 Equity 2761.3 3304.2 -543 -135.9 Rs.39.95

Debt 0 489.4 -489.4 -122.57-Apr-08

Equity 3375.1 2010.5 1364.6 341.4 Rs.39.97 Debt 0 114.9 -114.9 -28.78-Apr-08 Equity 4983.7 4607 376.7 94.3 Rs.39.93

Debt 0 119.9 -119.9 -309-Apr-08 Equity 2636.3 2487.6 148.7 37.2 Rs.40.02

Debt 0 20 -20 -510-Apr-08 Equity 2040.8 2213 -172.3 -43 Rs.40.02

Debt 0 0 0 011-Apr-08 Equity 2674.7 2989.5 -314.8 -78.8 Rs.39.95

Debt 0 0 0 015-Apr-08 Equity 2688.7 2720 -31.3 -7.8 Rs.39.94

Debt 0 0 0 016-Apr-08

Equity 3544.3 3463.4 80.9 20.2 Rs.39.96 Debt 0 0 0 017-Apr-08 Equity 1765.1 1761 4.1 1 Rs.39.96

Debt 0 0 0 018-Apr-08 Equity 1188.6 1184.8 3.8 1 Rs.39.96

Debt 0 0 0 021-Apr-08 Equity 4067.5 3368.5 699 174.9 Rs.39.96

Debt 0 0 0 022-Apr-08 Equity 2893.4 2616 277.4 69.5 Rs.39.89

Debt 0 0 0 023-Apr-08 Equity 2742.1 2349.8 392.4 98.2 Rs.39.94

Debt 0 0 0 024-Apr-08

Equity 2927.8 3190.9 -263.1 -65.9 Rs.39.95 Debt 0 83.6 -83.6 -20.925-Apr-08 Equity 3675.2 4201.3 -526.1 -131.4 Rs.40.04

Debt 0 6.1 -6.1 -1.528-Apr-08 Equity 3414.9 3066.1 348.8 86.8 Rs.40.18

Debt -186.9 236.3 -423.2 -105.329-Apr-08 Equity 2620.7 2539.5 81.2 20.2 Rs.40.14

Debt 0 444.6 -444.6 -110.830-Apr-08 Equity 3991.6 3646.2 345.4 85.9 Rs.40.22

40



Debt 0 0 0 0Total for

April Equity 62516 61441 1074.8 268.2

Debt -186.9 1514.8 -1701.7 -424.7

Total for

2008 Equity 311129.9 321487.9 -10358 -2625.3

Debt 10991.2 9122.1 1869.2 483.9 Grand Total

till April 30,

2008 Equity 2442593.6 2169551 273043.4 64503

Debt 98380.4 80587.2 17793.3 4259

FII PURCHASE IN THE MONTH OF APRIL-2008

FII SALES IN THE MONTH OF APRIL-2008

41

5000

6000

4000

45005000



INTERPRETATION

EQUITIES INVESTMENT

Purchases were increased in equities investment on 1 st,7th, 8 th, 9 th,,16 th,

17 th, 18 th, 21 st, 22 nd, 28 th,and 30 th of April 2008 due to decrease in sales. So the net

investments were positive as the purchases were above the sales. And for the remaining

days, the net investment were negative as the sales are above the purchases

DEBT INVESTMENT

The net investment on 1 st,2nd,3rd,10 th,11 th,15 th,16 th,17 th,18 th,21 st,22nd,23 rd,

and 30 th of April 2008 were zero as the purchase and sales were zero. And for the

remaining days the net investment values are negative because there are only sales and

there are no purchases.

FII ACTIVITY IN THE MONTH OF MAY-2008

42



Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*2-May-08 Equity 3418.3 3503 -84.7 -20.9

Rs.40.46Debt 0 0 0 0

5-May-08 Equity 3624.5 2904.6 720 177.1

Rs.40.65Debt 7.6 19.9 -12.3 -36-May-08 Equity 2704.9 3011.5 -306.7 -75.6

Rs.40.55Debt 139.9 0 139.9 34.57-May-08 Equity 3099 3827.8 -728.8 -179.1

Rs.40.69Debt 0 0 0 08-May-08 Equity 3435.7 3110.6 325.1 78.9

Rs.41.2Debt 0 12.6 -12.6 -3.19-May-08 Equity 2663.3 3065.8 -402.5 -96.3

Rs.41.79Debt 0 0 0 012-May-08 Equity 3368.7 3739.2 -370.5 -89.5

Rs.41.38Debt 0 0 0 0

13-May-08 Equity 2339 2464.4 -125.4 -30.1

Rs.41.68Debt 0 0 0 014-May-08 Equity 3039.1 2852.9 186.3 44.2

Rs.42.16Debt 0 25 -25 -5.915-May-08 Equity 2619.7 2361.5 258.1 61

Rs.42.33Debt 0 13.6 -13.6 -3.216-May-08 Equity 3135.4 2405.5 729.9 172.2

Rs.42.4Debt 0 0 0 020-May-08 Equity 2882.7 2825.6 57 13.4

Rs.42.64Debt 4.9 0 4.9 1.221-May-08 Equity 3119.7 3439.5 -319.8 -74.9

Rs.42.67Debt 0 99.2 -99.2 -23.2

22-May-08 Equity 2830.3 3441.7 -611.4 -143.1

Rs.42.72Debt 0 0 0 023-May-08 Equity 2226 2776.7 -550.7 -127.6


Rs.42.84Debt 0 130.1 -130.1 -30.427-May-08 Equity 2144.8 3259.9 -1115 -262

Rs.42.56Debt 0 14.9 -14.9 -3.528-May-08 Equity 2338.6 2692.8 -354.1 -82.6


Rs.42.85Debt 0 0 0 0

30-May-08 Equity 4208.9 5292.7 -1083.9 -253.4

Rs.42.77Debt 0 0 0 0Total for

MayEquity 58813.7 63825.2 -5011.5 -1176.4

Debt 152.4 315.3 -162.9 -36.6Total for

2008Equity 369943.4 385313 -15369.6 -3802

Debt 11143.7 9437.3 1706.4 447.2Grand

Total till

May 30,

Equity 2501407.1 2233376.1 268031.8 63326.3

Debt 98532.8 80902.5 17630.5 4222.3

43



2008

FII PURCHASE IN THE MONTH OF MAY-2008

FII SALES IN THE MONTH OF MAY-2008

INTERPRETATION

EQUITIES INVESTMENT

44

350040004500

5000

6000



Purchases were decreased in equities investment on 2 nd, 6 th,7th, 9 th,12 th, 13 th,

21st, 22nd, 23rd, ,26 th to 30 th of May 2008 due to increase in sales. So the net investments were

negative as the purchases were below the sales. And for the remaining days, the net

investment were positive as the sales are below the purchases

DEBT INVESTMENT

The net investment on 2 nd, 7 th, 9 th, 12 th, 13 th, 16 th, 22nd, 23 rd, 28 th, 29 th, and 30 th

of May 2008 were zero as the purchase and sales were zero. On 5 th, 8 th, 14 th, 15 th, 21 st, 26 th,

and 27 th, the net investment values were negative as the sales were above the purchases And

for the remaining days the net investment values are positives as purchases are above the

sales.

FII ACTIVITY IN THE MONTH OF JUNE-2008

45



Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*2-Jun-08 Equity 4215.2 3960.6 254.6 59.8

Rs.42.59Debt 0 0 0 0

3-Jun-08 Equity 2483.2 2832.5 -349.3 -82.7

Rs.42.24Debt 0 0 0 04-Jun-08 Equity 2966.8 3919.2 -952.3 -223.9

Rs.42.53Debt 0 25 -25 -5.95-Jun-08 Equity 3245.7 4070.9 -825.2 -193.6

Rs.42.63Debt 0 15 -15 -3.56-Jun-08 Equity 3739.6 5158.5 -1419 -331.1

Rs.42.86Debt 0 30 -30 -79-Jun-08 Equity 2887.3 2580.3 307 71.8

Rs.42.79Debt 0 15 -15 -3.510-Jun-08 Equity 2556.6 3898.4 -1341.8 -312.8

Rs.42.89Debt 0 0 0 0

11-Jun-08 Equity 3311.5 4155.5 -844 -196.8





Rs.42.9Debt 0 0 0 018-Jun-08 Equity 2546.2 2173.8 372.4 86.8

Rs.42.92Debt 0 0 0 0

19-Jun-08 Equity 2469.9 2919.7 -449.8 -104.8


Rs.42.93Debt 0 0 0 023-Jun-08 Equity 2501.5 3454 -952.5 -221.7

Rs.42.97Debt 0 56 -56 -1324-Jun-08 Equity 2273.9 2894.7 -620.8 -144.5

Rs.42.97Debt 0 132.7 -132.7 -30.925-Jun-08 Equity 3366.2 3092.1 274.1 63.8

Rs.42.94Debt 0 187.4 -187.4 -43.626-Jun-08 Equity 2901.6 3005.2 -103.6 -24.2

Rs.42.82Debt 0 0 0 0

27-Jun-08 Equity 4235.5 4704.6 -469 -109.8

Rs.42.73Debt 207.7 483.5 -275.9 -64.630-Jun-08 Equity 3348.6 4094.7 -746.2 -174.4

Rs.42.79Debt 105 366.7 -261.7 -61.2Total for

JuneEquity 62840.8 72936.7 -10095.8 -2358.5

Debt 312.7 1311.3 -998.7 -233.2Total for

2008Equity 432784.2 458249.5 -25465.3 -6160.5

Debt 11456.3 10748.6 707.7 214Grand Equity 2564247.9 2306312.6 257936.1 60967.8

46



Total till

June 30,

2008 Debt 98845.5 82213.8 16631.8 3989.1

FII PURCHASE IN THE MONTH OF JUN-2008

FII SALES IN THE MONTH OF JUN-2008

INTERPRETATION

EQUITIES INVESTMENT

47

Gross Purchases(Rs Crores)

0500

10001500200025003000350040004500

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

2-Jun-

3-Jun-

4-Jun-

5-Jun-

6-Jun-

9-Jun-

10-Jun-

11-Jun-

12-Jun-

13-Jun-

16-Jun-

17-Jun-

18-Jun-

19-Jun-

20-Jun-

23-Jun-

24-Jun-

25-Jun-

26-Jun-

27-Jun-

30-Jun-

Gross Sales(Rs Crores)

0

1000

2000

30004000

5000

6000

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

2-Jun-08

3-Jun-08

4-Jun-08

5-Jun-08

6-Jun-08

9-Jun-08

10-Jun-08

11-Jun-08

12-Jun-08

13-Jun-08

16-Jun-08

17-Jun-08

18-Jun-08

19-Jun-08

20-Jun-08

23-Jun-08

24-Jun-08

25-Jun-08

26-Jun-08

27-Jun-08

30-Jun-08



On 2 nd, 9 th & 18 th the net investments values are positive as purchase are

greater than sales and for the remaining days it is negative as purchases are less than sales.

DEBT INVESTMENT

On 2 nd, 3rd, 10 th, 11 th, 12 th, 13 th, 16 th to 20 th, & 26 th the net investment values

are zero as there are no purchases and sales. On 4 th,5th,6 th, 9 th,23 rd, 24 th, 25 th the net investment

value is negative because there are sales but no purchases, on 27 th and 30 th the net investment

value is also negative because the purchases are less than sales

FII ACTIVITY IN THE MONTH OF JULY-2008

48



Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Jul-08 Equity 2865 3092.2 -227.1 -52.9 Rs.42.95

Debt 171.7 0 171.7 40

2-Jul-08 Equity 3151.1 2976.9 174.3 40.3 Rs.43.27 Debt 0 197.8 -197.8 -45.7

3-Jul-08 Equity 3468.1 3818.6 -350.4 -80.9 Rs.43.34 Debt 294.9 74.2 220.7 50.9

4-Jul-08 Equity 3309.8 4012.2 -702.5 -162.2 Rs.43.3 Debt 1235.9 76.7 1159.2 267.7

7-Jul-08 Equity 3008.9 2476.2 532.6 123.3 Rs.43.21 Debt 2083.8 441.5 1642.3 380.1

8-Jul-08 Equity 1782.1 2102 -319.9 -74.2 Rs.43.12 Debt 1432.7 427.3 1005.4 233.2

9-Jul-08 Equity 2333.8 2165.3 168.5 38.9 Rs.43.37 Debt 0 0 0 0

10-Jul-08 Equity 2555.8 2843.5 -287.7 -66.7 Rs.43.13 Debt 0 15 -15 -3.5

11-Jul-08 Equity 1988.4 2334.4 -345.9 -80.2 Rs.43.16 Debt 28.6 31.1 -2.5 -0.6

14-Jul-08 Equity 2420.1 2730.4 -310.3 -72.6 Rs.42.72 Debt 0 0 0 0


16-Jul-08 Equity 2370.5 3050.9 -680.4 -157.6 Rs.43.17 Debt 46.6 45 1.7 0.4

17-Jul-08 Equity 2693 2903.5 -210.4 -48.7 Rs.43.17 Debt 0 168.1 -168.1 -38.9



22-Jul-08 Equity 2031.2 2143.1 -111.9 -26.2 Rs.42.71 Debt 44 0 44 10.3


24-Jul-08 Equity 6017.9 4382.3 1635.6 386.4 Rs.42.33 Debt 253.8 306 -52.2 -12.3

25-Jul-08 Equity 3927.1 3370.8 556.3 132.6 Rs.41.96 Debt 90.5 0 90.5 21.6

28-Jul-08 Equity 2954.6 3501 -546.3 -129.4 Rs.42.23 Debt 207 324.4 -117.4 -27.8

29-Jul-08 Equity 1696.8 2306.1 -609.3 -144.1 Rs.42.3 Debt 33.5 323 -289.5 -68.4

30-Jul-08 Equity 2312.7 2645 -332.3 -78.1 Rs.42.54 Debt 159.3 33.4 125.9 29.6Total for

July Equity 61099.3 62544.5 -1444.9 -330.8

Debt 6082.3 2463.5 3618.9 836.6

49



Total for

2008 Equity 493883.6 520793.9 -26910.2 -6491.3

Debt 17538.5 13212 4326.5 1050.4

Grand

Total till

July 30,

2008 Equity 2625347.3 2368857 256491.2 60636.9

Debt 104927.7 84677.2 20250.6 4825.5

FII PURCHASES IN THE MONTH OF JULY-2008

FII SALES IN THE MONTH OF JULY-2008

50

5000

6000

7000

4000

45005000



INTERPRETATION

EQUITIES INVESTMENT

On 2 nd,7th,9 th, 18 th, 21 st,24 th,25 th the net investments values are positive as

purchase are greater than sales and for the remaining days it is negative as purchases are less

than sales.

DEBT INVESTMENT

On 9 th,14 th,15 th,18 th,21 st and 23 rd the net investment values are zero as there

are no purchases and sales. On 2 nd,10 th,11 th,17 th,24 th,28 th and 28 th the net investment value is

negative because sales are greater than purchases, and the remaining days shows positive

values.

FII ACTIVITY IN THE MONTH OF AUG-2008

51



Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Aug-08 Equity 3828 3231 597 140.5

Rs.42.49Debt 155.4 7.7 147.7 34.8

4-Aug-08 Equity 2889.7 3231.9 -342.2 -80.8

Rs.42.37Debt 0 0 0 05-Aug-08 Equity 1820.7 2221.3 -400.6 -94.5

Rs.42.4Debt 0 9.5 -9.5 -2.26-Aug-08 Equity 4530.1 4466 64.1 15.2

Rs.42.28Debt 19 9.6 9.4 2.27-Aug-08 Equity 4921.9 3293.3 1628.6 387.8

Rs.42Debt 104.4 91.9 12.5 38-Aug-08 Equity 2379.5 2398.5 -19 -4.5

Rs.41.89Debt 98.6 174.5 -75.9 -18.111-Aug-08 Equity 2074.9 1995.8 79.1 18.7

Rs.42.2Debt 194.3 96.8 97.5 23.1

12-Aug-08 Equity 2958.1 2548.4 409.7 97.6

Rs.42Debt 359.3 89.5 269.8 64.213-Aug-08 Equity 2636.5 3020.8 -384.3 -90.6

Rs.42.4Debt 354.5 0 354.5 83.614-Aug-08 Equity 1928.6 2574.9 -646.3 -151.5

Rs.42.67Debt 0 0 0 018-Aug-08 Equity 1834.2 2230.5 -396.3 -92.5

Rs.42.82Debt 0 97.2 -97.2 -22.720-Aug-08 Equity 2830.8 3966.6 -1135.8 -262.7

Rs.43.23Debt 97.6 51.8 45.9 10.621-Aug-08 Equity 1802.4 2087.8 -285.4 -65.3

Rs.43.72Debt 658.4 267.9 390.5 89.3

22-Aug-08 Equity 1419.9 1698 -278.1 -63.8

Rs.43.58Debt 130.2 75.1 55.1 12.725-Aug-08 Equity 1689.7 1803.5 -113.8 -26.2


Rs.43.58Debt 2.2 0 2.2 0.527-Aug-08 Equity 1426 1932 -506 -114.8

Rs.44.07Debt 0.5 46.3 -45.8 -10.428-Aug-08 Equity 1882.2 1602.3 279.9 64


Rs.43.73Debt 246 98.5 147.5 33.7

Total forAugust

Equity 47560.2 48771.9 -1211.7 -268.9 Debt 2579.3 1321.6 1257.8 293.6

Total for

2008Equity 543907.7 572421.4 -28513.6 -6852.7

Debt 20117.7 14533.5 5584.2 1344Grand

TotalEquity 2675371.4 2420484.5 254887.8 60275.6

Debt 107506.9 85998.7 21508.3 5119.1

52



FII PURCHASES IN THE MONTH OF AUG-2008

FII SALES IN THE MONTH OF AUG-2008

INTERPRETATION

EQUITIES INVESTMENT

53

5000

6000

400045005000



On 1 st,6th,7 th,11 th,12 th,26 th,28 th,29 th the net investments values are positive as


than sales.

DEBT INVESTMENT

On 4 th, 14 th the net investment values are zero as there are no purchases and

sales. On 5 th, 8 th, 18 th, 25 th, 27 th, 28 th the net investment value is negative because sales are

greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF SEP-2008

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Sep-08 Equity 2669.7 2926.8 -257 -58.7 Rs.43.79

Debt 88.7 10 78.7 18

54



2-Sep-08 Equity 1348.8 1520.5 -171.7 -38.8 Rs.44.21 Debt 91.3 147.7 -56.4 -12.8

4-Sep-08 Equity 2844.1 1506.7 1337.4 302.2 Rs.44.26 Debt 459.3 475.8 -16.5 -3.7

5-Sep-08 Equity 2617.2 3016.4 -399.1 -89.8 Rs.44.45 Debt 62.6 49.6 13 2.9

8-Sep-08 Equity 1713.9 3450.7 -1736.8 -391.4 Rs.44.37 Debt 549.6 34.4 515.3 116.1

9-Sep-08 Equity 3356.4 2598.4 758.1 171.3 Rs.44.26 Debt 170 162.8 7.2 1.6

10-Sep-08 Equity 2023.1 2209.2 -186.2 -41.5 Rs.44.89 Debt 271.7 119.1 152.6 34




16-Sep-08 Equity 2495.2 3124.5 -629.3 -137 Rs.45.94 Debt 607.3 311.3 296 64.4

17-Sep-08 Equity 3092.4 4333 -1240.6 -266.1 Rs.46.63 Debt 9047.9 144 8904 1909.5

18-Sep-08 Equity 3762 5095.5 -1333.5 -287.8 Rs.46.34 Debt -8712.7 629.2 -9341.9 -2016

19-Sep-08 Equity 7146.7 7745.4 -598.7 -128.2 Rs.46.71 Debt 66.4 10 56.4 12.1

22-Sep-08 Equity 6826.2 5658.3 1167.9 252.2 Rs.46.32 Debt 1372 466.2 905.8 195.6

23-Sep-08 Equity 3245.3 3134 111.4 24.5 Rs.45.4 Debt 232.5 139.8 92.6 20.4


25-Sep-08 Equity 3505.6 3680 -174.4 -38.1 Rs.45.83 Debt 258.6 116.8 141.9 31

26-Sep-08 Equity 4214.5 4918.3 -703.8 -152.2 Rs.46.25 Debt 0 0 0 0

29-Sep-08 Equity 2712.2 3316.3 -604.1 -130.1 Rs.46.43 Debt 136.8 322.1 -185.2 -39.9

30-Sep-08 Equity 3394.6 3007.7 387 82.4 Rs.46.94 Debt 308 138.2 169.8 36.2Total for

September Equity 66496.2 74774.8 -8278.1 -1807.2

Debt 7018.7 3814.8 3204.2 693.1 Total for

2008 Equity 610404 647196 -36792 -8659.9

Debt 27136.6 18348.2 8788.4 2037

Grand Total

till

September

30, 2008 Equity 2741867.6 2495259.1 246609.4 58468.4

Debt 114525.7 89813.4 24712.5 5812.2

55



FII PURCHASES IN THE MONTH OF SEP-2008

FII SALES IN THE MONTH OF SEP-2008

56

8000

10000

7000

80009000



INTERPRETATION

EQUITIES INVESTMENT

On 4 th,9 th,22nd,23 rd,30 th the net investments values are positive as purchase

are greater than sales and for the remaining days it is negative as purchases are less than

sales.

DEBT INVESTMENT

On 26 th the net investment values are zero as there are no purchases and

sales. On 2 nd,4 th, 18 th,29 th the net investment value is negative because sales are greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF OCT-2008

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Oct-08 Equity 4203.1 4118.6 84.5 18 Rs.46.94

Debt 255.1 289.9 -34.9 -7.43-Oct-08 Equity 1969.8 2254 -284.2 -60.5 Rs.46.96

57



Debt 34.1 0 34.1 7.36-Oct-08 Equity 2785.3 3831.3 -1046 -223.1 Rs.46.88

Debt 88.9 178.7 -89.8 -19.27-Oct-08 Equity 1995.2 3116.6 -1121.4 -236.3 Rs.47.46

Debt 187 95.7 91.4 19.38-Oct-08 Equity 2797.6 3345.7 -548.1 -114.2 Rs.48.01

Debt 149.3 59.5 89.8 18.710-Oct-08 Equity 3016.7 3864.4 -847.7 -173.9 Rs.48.74

Debt 58.1 241.1 -182.9 -37.513-Oct-08 Equity 3959 6282.2 -2323.2 -476.8 Rs.48.72

Debt 204.1 956.2 -752.1 -154.414-Oct-08 Equity 3150.8 3993 -842.2 -174.9 Rs.48.14

Debt 403.5 779.9 -376.4 -78.215-Oct-08 Equity 3789.3 3978.4 -189.1 -39.6 Rs.47.71

Debt 95.3 0 95.3 2016-Oct-08 Equity 2041.8 2882.5 -840.7 -173.6 Rs.48.43


Debt 179.7 473.8 -294 -60.220-Oct-08 Equity 2234.3 3101.8 -867.6 -178.2 Rs.48.68

Debt 111.4 113.1 -1.7 -0.421-Oct-08 Equity 1870.2 2710.3 -840.1 -172 Rs.48.83

Debt 0 227.7 -227.7 -46.622-Oct-08 Equity 2725.6 2611.8 113.9 23.3 Rs.48.83

Debt 0 0 0 023-Oct-08 Equity 1724.6 1997.5 -272.9 -55.4 Rs.49.29

Debt 537.3 422.8 114.6 23.224-Oct-08 Equity 2162 2509.4 -347.4 -69.8 Rs.49.79

Debt 30 185.7 -155.7 -31.327-Oct-08 Equity 2284.1 3462.1 -1178 -235.8 Rs.49.95

Debt 25 240.9 -215.9 -43.229-Oct-08 Equity 1802.4 2813.3 -1010.9 -201.8 Rs.50.09

Debt 57.1 109 -51.9 -10.4Total for

October Equity 46745.4 61017.8 -14272.4 -2935.8

Debt 2698.6 4578.4 -1879.6 -384.1

Total for

2008 Equity 657149.3 708213.5 -51064.1 -11595.8

Debt 29835 22926.4 6908.6 1652.9

Grand Total

till October

29, 2008 Equity 2788613 2556276.6 232337.3 55532.5

Debt 117224.1 94391.6 22832.7 5428.1

FII PURCHASES IN THE MONTH OF OCT-2008

58

350040004500



FII SALES IN THE MONTH OF OCT-2008

INTERPRETATION

EQUITIES INVESTMENT

59

5000

6000

7000



On1st, 22 nd the net investments values are positive as purchase are greater

than sales and for the remaining days it is negative as purchases are less than sales.

DEBT INVESTMENT

On 22 nd the net investment values are zero as there are no purchases and

sales. On 1 st,6th,10 th,13 th,14 th,17 th,20 th,21 st,24 th,25 th,29 th the net investment value is negative

because sales are greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF NOV-2008

60



Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*3-Nov-08 Equity 4111.1 2927.9 1183.2 240.3 Rs.49.25

Debt 74.7 298.7 -224 -45.5

4-Nov-08 Equity 2483.3 1721.6 761.7 155.6 Rs.48.96 Debt 236.5 190 46.5 9.5

5-Nov-08 Equity 1968.3 2061.2 -93 -19.1 Rs.48.62 Debt 83.1 121 -38 -7.8

6-Nov-08 Equity 2432.3 2092.8 339.5 72 Rs.47.18 Debt 51.6 382.5 -330.9 -70.1

7-Nov-08 Equity 1522.9 1936.9 -414 -86.9 Rs.47.67 Debt 131.8 583.9 -452.1 -94.8

10-Nov-08 Equity 1282.4 1222 60.3 12.6 Rs.47.76 Debt 387.8 369.1 18.7 3.9

11-Nov-08 Equity 1651.7 1516.1 135.5 28.6 Rs.47.32 Debt 645 0 645 136.3

12-Nov-08 Equity 1347.4 1613.9 -266.5 -56 Rs.47.59 Debt 1604.8 266.6 1338.2 281.2

14-Nov-08 Equity 1045 1660 -615.1 -126.1 Rs.48.79 Debt 393.9 1082.3 -688.4 -141.1

17-Nov-08 Equity 2152.1 2716.2 -564.2 -114.1 Rs.49.46 Debt 1930.4 143.2 1787.1 361.3

18-Nov-08 Equity 1586.5 2218.4 -631.9 -129 Rs.48.99 Debt 714.7 176.9 537.8 109.8

19-Nov-08 Equity 1137.6 1506.9 -369.3 -74.3 Rs.49.68 Debt 29.6 243.7 -214.1 -43.1

20-Nov-08 Equity 1884 2092.2 -208.1 -41.8 Rs.49.74 Debt 337.6 0 337.6 67.9

21-Nov-08 Equity 998.4 1654.5 -656.1 -129.9 Rs.50.52 Debt 463.5 245.4 218.1 43.2

24-Nov-08 Equity 1070 1584 -514.1 -102.8 Rs.50.03 Debt 551 533.4 17.6 3.5

25-Nov-08 Equity 1080 1391.4 -311.5 -62.2 Rs.50.09 Debt 203.6 176.3 27.3 5.4

26-Nov-08 Equity 1384.2 1382.9 1.3 0.3 Rs.49.97 Debt 179.7 37.8 142 28.4

28-Nov-08 Equity 1278.9 1714.9 -436 -87.5 Rs.49.85 Debt 1053.3 6.7 1046.6 210Total for

November Equity 30416.1 33013.8 -2598.3 -520.3

Debt 9072.6 4857.5 4215 858

Total for

2008 Equity 690251 744988.2 -54737.1 -12332

Debt 39064.3 27919.1 11145.2 2515.2

Grand Total

till November

28, 2008 Equity 2821714.7 2593051.3 228664.3 54796.3

Debt 126453.4 99384.3 27069.3 6290.3

61



FII PURCHASES IN THE MONTH OF NOV-2008

FII SALES IN THE MONTH OF NOV-2008

62

350040004500

30003500



INTERPRETATION

EQUITIES INVESTMENT

On 3 rd, 4 th,6th,10 th,11 th,26 th the net investments values are positive as purchase

are greater than sales and for the remaining days it is negative as purchases are less than

sales.

DEBT INVESTMENT

On 3 rd, 5 th, 6 th, 7 th, 14 th, 19 th the net investment value is negative because sales

are greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF DEC-2008

ReportingDate Debt/Equity

Gross

Purchases(RsCrores)

Gross

Sales(RsCrores)

Net

Investment(Rs Crores)

Net

Investment

US($)million

Conversion(1USD TO INR)*

1-Dec-08 Equity 2157.6 1738.2 419.4 84.2 Rs.49.84 Debt 285.8 0 285.8 57.3

2-Dec-08 Equity 1663.3 1509.4 153.9 30.7 Rs.50.09 Debt 322.3 573.6 -251.3 -50.2

3-Dec-08 Equity 855.9 1175.5 -319.6 -63.3 Rs.50.52 Debt 401.9 166.4 235.5 46.6

4-Dec-08 Equity 875.5 1362.1 -486.6 -97.5 Rs.49.9

63



FII SALES IN THE MONTH OF DEC-2008

65

2500

3000



INTERPRETATION

EQUITIES INVESTMENT

On 1 st ,2nd,5 th,8th,10 th,11 th,12 th,16 th,17 th,22nd the net investments values are

positive as purchase are greater than sales and for the remaining days it is negative as

purchases are less than sales.

DEBT INVESTMENT

On 2 nd,4th, 8 th,11 th,12 th,16 th,17 th,18 th,23 rd,29 th,30 th the net investment value is

negative because sales are greater than purchases, and the remaining days are showing

positive values.

FII ACTIVITY IN THE MONTH OF JAN-2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Jan-09 Equity 513.6 525.1 -11.6 -2.4 Rs.48.45

Debt 544 258.1 285.9 592-Jan-09 Equity 292 191.8 100.2 20.6 Rs.48.73

Debt 0 0.1 -0.1 05-Jan-09 Equity 832 718 114 23.3 Rs.48.89

Debt 2120 119.3 2000.7 409.26-Jan-09 Equity 1698.5 1382.7 315.8 65.3 Rs.48.37

Debt 200.4 392.9 -192.5 -39.87-Jan-09 Equity 2389.9 1945.1 444.8 91.4 Rs.48.68

Debt 403.4 420.4 -17 -3.5

66



9-Jan-09 Equity 2409.2 3467.6 -1058.4 -217.7 Rs.48.61 Debt 305.8 0 305.8 62.9

12-Jan-09 Equity 2815.3 2993.2 -177.9 -36.4 Rs.48.92 Debt 96.2 0.2 96 19.6

13-Jan-09 Equity 1763 2404.5 -641.5 -132 Rs.48.6 Debt 202.3 240.3 -38 -7.8

14-Jan-09 Equity 1640 1974.4 -334.4 -68.4 Rs.48.91 Debt 193.4 276.4 -83 -17

15-Jan-09 Equity 1689.7 1614.8 74.8 15.4 Rs.48.7 Debt 212.9 573.9 -361.1 -74.1

16-Jan-09 Equity 1337.3 1816.2 -478.9 -97.6 Rs.48.08 Debt 315.3 320.3 -5.1 -1

19-Jan-09 Equity 835.3 1398.5 -563.2 -115.5 Rs.48.77 Debt 772.5 322.9 449.6 92.2

20-Jan-09 Equity 777.5 1217.2 -439.7 -90.5 Rs.48.56 Debt 350.3 560.9 -210.7 -43.4


22-Jan-09 Equity 866.4 1628.7 -762.3 -155.2 Rs.49.12 Debt -618.6 225 -843.6 -171.8


27-Jan-09 Equity 994.5 1338.6 -344.1 -70 Rs.49.19 Debt 179.8 509.9 -330.1 -67.1

28-Jan-09 Equity 1359 1598.7 -239.7 -49.1 Rs.48.85 Debt 142.2 50 92.2 18.9

29-Jan-09 Equity 1588.8 1563.6 25.2 5.2 Rs.48.87 Debt 652.5 650.5 2.1 0.4

30-Jan-09 Equity 2097.2 1822.1 275.1 56.3 Rs.48.9 Debt 69.3 76.5 -7.3 -1.5

Total for

January Equity 27874 32119.1 -4245.3 -868.4

Debt 7904.3 7101.7 802.3 165.4

Total for

2009 Equity 27873.5 32118.8 -4245.3 -868.4

Debt 7904.1 7101.7 802.5 165.5

Grand Total

till January

30, 2009 Equity 2880943.2 2654775 226169 54285.5

Debt 143312.5 114814.5 28498.2 6576.8

FII PURCHASES IN THE MONTH OF JAN-2009

67

2500

3000



FII SALES IN THE MONTH OF JAN-2009

68

300035004000



INTERPRETATION

EQUITIES INVESTMENT

On 2 nd,5th,6 th,7 th,15 th,29 th,30 th the net investments values are positive as


than sales.

DEBT INVESTMENT

On 2 nd,6 th,7th,13 th,15 th,16 th,20 th,21 st,22nd,23 rd,27 th,30 th the net investment value

is negative because sales are greater than purchases, and the remaining days are showing

positive values.

FII ACTIVITY IN THE MONTH OF FEB-2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*2-Feb-09 Equity 1318.8 1335.4 -16.6 -3.4 Rs.49.02

Debt 49.4 335 -285.6 -58.33-Feb-09 Equity 1334.5 1346.5 -11.9 -2.4 Rs.49.01

Debt 69.7 274.6 -204.9 -41.84-Feb-09 Equity 1221.3 1382.5 -161.2 -33 Rs.48.8

Debt 385.7 137.9 247.8 50.85-Feb-09 Equity 1267 1291.4 -24.4 -5 Rs.48.65

Debt 92.6 10.3 82.4 16.96-Feb-09 Equity 1291.2 1240 51.2 10.5 Rs.48.82

Debt 24.7 159.2 -134.5 -27.69-Feb-09 Equity 1232.3 1172 60.3 12.4 Rs.48.73

Debt 476.6 547.6 -71 -14.610-Feb-09 Equity 1293.7 1004.6 289.1 59.5 Rs.48.6

Debt 840.4 845.7 -5.2 -1.111-Feb-09 Equity 1695.2 1279 416.1 85.5 Rs.48.7

Debt 117.5 117 0.4 0.112-Feb-09 Equity 920.1 1034.3 -114.2 -23.4 Rs.48.82

69



Debt 1020.6 560 460.6 94.313-Feb-09 Equity 871.7 1037.4 -165.6 -34 Rs.48.72

Debt 18 94.2 -76.2 -15.616-Feb-09 Equity 1319.2 1299.2 20 4.1 Rs.48.72


Debt 304.2 652.9 -348.8 -71.618-Feb-09 Equity 1132.6 1618.8 -486.2 -98.9 Rs.49.16


Debt 822.5 653.9 168.6 33.820-Feb-09 Equity 941.3 1261.4 -320.2 -64.2 Rs.49.85





Debt 755.5 306.6 448.9 89Total for

February Equity 21341.1 23777.9 -2436.6 -488.9

Debt 6645.8 7333.6 -687.8 -140.3

Total for

2009 Equity 49214.7 55896.4 -6681.7 -1357.4

Debt 14549.9 14435.2 114.7 25.5

Grand Total

till February

27, 2009 Equity 2902284.3 2678552.6 223732.6 53796.5

Debt 149958.2 122148 27810.4 6436

FII PURCHASES IN THE MONTH OF FEB-2009

70

140016001800



FII SALES IN THE MONTH OF FEB-2009

INTERPRETATION

EQUITIES INVESTMENT

On 6 th,7 th,10 th,11 th,16 th the net investments values are positive as purchase are

greater than sales and for the remaining days it is negative as purchases are less than sales.

DEBT INVESTMENT

On 2 nd,3rd,6 th,9th,10 th,13 th,17 th,18 th,20 th,25 th,26 th the net investment value is

negative because sales are greater than purchases, and the remaining days are showing positive values.

71

140016001800



Debt 1112.4 1457.7 -345.4 -67.419-Mar-09 Equity 1807.5 1453.8 353.7 68.9 Rs.51.35

Debt 913.1 1572 -658.9 -128.320-Mar-09 Equity 1429.8 1272.1 157.7 31.1 Rs.50.77

Debt 599.3 1895.4 -1296.1 -255.323-Mar-09 Equity 1277.4 1228 49.4 9.9 Rs.50.14


Debt 156.9 496.2 -339.3 -67.225-Mar-09 Equity 2288.4 1589.2 699.2 139 Rs.50.31



Debt 186.8 2963.1 -2776.3 -549.330-Mar-09 Equity 1740.7 2011.4 -270.7 -53.6 Rs.50.54

Debt 69.5 0 69.5 13.8Total for

March Equity 30910.6 29915.9 994.9 205.4

Debt 8272 14940.3 -6668.5 -1315.2

Total for

2009 Equity 80125.2 85812.1 -5686.9 -1151.9

Debt 22821.5 29375.4 -6553.9 -1289.8

Grand

Total till

March 30,

2009 Equity 2933194.9 2708468.3 224727.4 54002

Debt 158229.9 137088.2 21141.8 5121.5

FII PURCHASES IN THE MONTH OF MARCH-2009

73

300035004000



FII SALES IN THE MONTH OF MARCH-2009

INTERPRETATION

EQUITIES INVESTMENT

On 12 th,16 th,18 th,19 th,20 th,23th,24 th,25 th,26 th,27 th, the net investments values

are positive as purchase are greater than sales and for the remaining days it is negative as

purchases are less than sales.

74

2500

3000

3500



DEBT INVESTMENT

On 4 th, 5 th, 12 th, 13 th, 18 th, 19 th, 20 th, 23 rd

to 27 th the net investment value is negative because sales are greater than purchases, and the

remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF APRIL - 2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO

INR)*

1-Apr-09 Equity 1640.9 2172.3 -531.4 -104.3 Rs.50.95 Debt 339.9 368.6 -28.7 -5.6

2-Apr-09 Equity 1695.2 1460.4 234.8 46.1 Rs.50.95 Debt 16.3 0 16.3 3.2

6-Apr-09 Equity 2761.5 2065.3 696.3 138.4 Rs.50.3 Debt 291.1 299.8 -8.7 -1.7

8-Apr-09 Equity 2619.8 2447.5 172.3 34.5 Rs.50 Debt 1101 315.5 785.5 157.1



15-Apr-09 Equity 2058.3 1416.4 641.8 128.8 Rs.49.83 Debt 468.9 135 333.9 67

16-Apr-09 Equity 4062.6 3290.4 772.2 154.8 Rs.49.88 Debt 383.5 669 -285.5 -57.2

17-Apr-09 Equity 3019.3 2623.4 395.8 80 Rs.49.49 Debt 493.7 518.9 -25.2 -5.1

20-Apr-09 Equity 2547.6 1758.6 789.1 158.7 Rs.49.71 Debt 122.6 798.7 -676.1 -136

21-Apr-09 Equity 1868.2 1535.6 332.6 66.6 Rs.49.95

75



Debt 1268.7 544.5 724.2 14522-Apr-09 Equity 1496.3 1559 -62.7 -12.5 Rs.50.36

Debt 215.6 227.6 -11.9 -2.423-Apr-09 Equity 1424.5 1422.8 1.8 0.4 Rs.50.2

Debt 445.8 348.2 97.6 19.424-Apr-09 Equity 1406.1 1094.4 311.6 62.1 Rs.50.22

Debt 87.8 107.1 -19.3 -3.827-Apr-09 Equity 1948.4 1434.9 513.5 99.5 Rs.49.94

Debt 1174.7 133.3 1041.4 201.928-Apr-09 Equity 3661.8 1822.1 1839.7 368.1 Rs.49.98

Debt 1738 1629.6 108.4 21.729-Apr-09 Equity 1544.1 1718 -173.9 -34.5 Rs.50.44

Debt 1080.8 201.8 879 174.3Total for

April Equity 39653.3 33145.1 6508.2 1300.7

Debt 10061.3 7571.1 2490.3 489.8

Total for

2009 Equity 121245 120888.4 356.5 57.8

Debt 33211.7 37027.3 -3815.6 -751.5 Grand Total

till April 29,

2009 Equity 2974314.7 2743544.6 230770.8 55211.7

Debt 168620.1 144740.1 23880.2 5659.8

FII PURCHASES IN THE MONTH OF APRIL – 2009


0500

10001500200025003000350040004500

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

1-

Apr-09

2-

Apr-09

6-

Apr-09

8-

Apr-09

9-

Apr-09

13-

Apr-09

15-

Apr-09

16-

Apr-09

17-

Apr-09

20-

Apr-09

21-

Apr-09

22-

Apr-09

23-

Apr-09

24-

Apr-09

27-

Apr-09

28-

Apr-09

29-

Apr-09

FII SALES IN THE MONTH OF APRIL – 2009

76




0500

100015002000

250030003500

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

1- Apr-

09

2- Apr-

09

6- Apr-

09

8- Apr-

09

9- Apr-

09

13- Apr-

09

15- Apr-

09

16- Apr-

09

17- Apr-

09

20- Apr-

09

21- Apr-

09

22- Apr-

09

23- Apr-

09

24- Apr-

09

27- Apr-

09

28- Apr-

09

29- Apr-

09

INTERPRETATION

EQUITIES INVESTMENT

On 1 st,22nd,29 th the net investments values are negative as purchase are less

than sales and for the remaining days it is positive as purchases are greater than sales.

DEBT INVESTMENT

On 1 st,6 th,9th,13 th,16 th,17 th,20 th,22nd,24 th the net investment value is negative


77



FII ACTIVITY IN THE MONTH OF MAY - 2009

ReportingDate Debt/Equity

Gross

Purchases(RsCrores)

Gross

Sales(RsCrores)

Net

Investment(Rs Crores)

Net

Investment

US($)million

Conversion(1USD TO INR)*

4-May-09 Equity 2869.3 2524.7 344.5 68.3 Rs.50.22 Debt 410.1 244.5 165.6 32.8

5-May-09 Equity 3852.8 2361.6 1491.1 295.6 Rs.49.68 Debt 56.2 410.3 -354.1 -70.2

6-May-09 Equity 2969.1 2274.1 695 140 Rs.49.65 Debt 226.1 412.3 -186.2 -37.5

7-May-09 Equity 2857.2 2168.9 688.3 139.1 Rs.49.5 Debt 202.6 345 -142.3 -28.8


11-May-09Equity 3164.6 1924 1240.6 251.9 Rs.49.25 Debt 405.4 816.6 -411.2 -83.5

12-May-09 Equity 1684.4 1501.9 182.4 37.1 Rs.49.23 Debt 618.6 593.9 24.7 5

13-May-09 Equity 2542.5 2048.7 493.8 99.6 Rs.49.59 Debt 471.3 805.8 -334.5 -67.5

14-May-09 Equity 6033.1 1947.9 4085.2 828 Rs.49.34 Debt 207.5 55 152.5 30.9

15-May-09 Equity 1523.4 1869.1 -345.7 -69.4 Rs.49.83 Debt 255.7 673.2 -417.4 -83.8

18-May-09 Equity 2673 1672.8 1000.2 201.9 Rs.49.55 Debt 94.5 26.3 68.2 13.8

19-May-09Equity 58.1 4.7 53.4 11.1 Rs.48.17 Debt 100.4 68.3 32.2 6.7


21-May-09 Equity 6399.5 6633.7 -234.1 -49.1 Rs.47.71 Debt 293.5 192.2 101.3 21.2

22-May-09 Equity 3896.4 3749.5 146.9 31 Rs.47.4 Debt 76.4 409.9 -333.5 -70.4

25-May-09 Equity 2412 3106.7 -694.7 -147.2 Rs.47.19 Debt 21.2 69.9 -48.6 -10.3

26-May-09 Equity 5092.6 2046.5 3046.2 645.1 Rs.47.22 Debt 223.5 197 26.6 5.6

27-May-09Equity 2323.1 2405 -81.9 -17.2 Rs.47.63

Debt 97 629.5 -532.5 -111.828-May-09 Equity 4076.7 3639.8 436.9 91.7 Rs.47.67

Debt 588.4 230.8 357.6 7529-May-09 Equity 5870.9 3741.8 2129.1 445.1 Rs.47.83

Debt 103.4 2572.5 -2469.1 -516.2Total for

May Equity 74776.4 54659.1 20117.2 4144.8

Debt 6489.5 9201.5 -2711.4 -567.5

78



Total for

2009 Equity 196021.1 175547.5 20473.6 4202.4

Debt 39701.3 46228.4 -6527.1 -1318.8

Grand Total

till May 29,

2009 Equity 3049090.8 2798203.7 250887.9 59356.2

Debt 175109.7 153941.2 21168.6 5092.4

FII PURCHASES IN THE MONTH OF MAY - 2009

79

1200014000



FII SALES IN THE MONTH OF MAY - 2009

INTERPRETATION

EQUITIES INVESTMENT

On 15 th,21 st,25 th,27 th the net investments values are negative as purchase are

less than sales and for the remaining days it is positive as purchases are greater than sales.

DEBT INVESTMENT

On 5 th,6 th,7 th,11 th,13 th,15 th,22nd,25 th,27 th,29 th the net investment value is

negative because sales are greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF JUNE - 2009

80

60007000

8000



Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*

81



1-Jun-09 Equity 5979.3 5145.1 834.2 176.4 Rs.47.29 Debt 79 0 79 16.7

2-Jun-09 Equity 3798.5 3180.6 617.9 131.5 Rs.46.99 Debt 183.5 362 -178.4 -38

3-Jun-09 Equity 4067.6 3858.3 209.3 44.4 Rs.47.14 Debt 2119.7 353.6 1766.1 374.7

4-Jun-09 Equity 3423.8 3740 -316.2 -67.5 Rs.46.84 Debt 428.2 209.8 218.4 46.6

5-Jun-09 Equity 3626.1 2955.5 670.6 142.2 Rs.47.16 Debt 398.1 145 253.1 53.7



10-Jun-09 Equity 3815.3 2824.6 990.7 208.2 Rs.47.59 Debt 0 324.3 -324.3 -68.1

11-Jun-09 Equity 3851.5 3133.8 717.6 151.8 Rs.47.27 Debt 0 0 0 0

12-Jun-09 Equity 3581.8 2588.7 993.2 209.4 Rs.47.42 Debt 10 0 10 2.1

15-Jun-09 Equity 2931.9 2413.2 518.7 109.4 Rs.47.41 Debt 189 113.9 75.1 15.8

16-Jun-09 Equity 2578.6 2791.9 -213.3 -44.5 Rs.47.94 Debt 202.3 367.6 -165.3 -34.5

17-Jun-09 Equity 1862.3 2574.2 -711.8 -149.1 Rs.47.76 Debt 1137 5 1132 237



22-Jun-09 Equity 1894.4 1920.5 -26.2 -5.4 Rs.48.13 Debt 614.7 509.9 104.7 21.8

23-Jun-09 Equity 1617.2 1814.2 -197 -40.7 Rs.48.39 Debt 430.4 180.4 249.9 51.7

24-Jun-09 Equity 2047.3 2705.5 -658.2 -134.6 Rs.48.91 Debt 235.8 4 231.8 47.4


26-Jun-09 Equity 4111.5 5149.6 -1038.1 -213.9 Rs.48.53 Debt 1528.4 99.7 1428.7 294.4

29-Jun-09 Equity 2547.7 1874.8 672.9 138.7 Rs.48.51 Debt 254.2 3803.5 -3549.4 -731.7

30-Jun-09 Equity 2388.1 1990.9 397.2 82.4 Rs.48.2 Debt 147 155 -8 -1.7Total for

June Equity 67277.2 63447 3830 823.5

Debt 8795.3 7726.7 1068.3 235.4

Total for

2009 Equity 263298 238994.5 24303.5 5025.9

Debt 48496.4 53955.2 -5458.9 -1083.3

Grand Equity 3116367.7 2861650.7 254717.8 60179.7

82



INTERPRETATION

EQUITIES INVESTMENT

On 4 th,16 th,17 th,18 th,19 th,22nd,23 rd,24 th,25 th,26 th the net investments values are

negative as purchase are less than sales and for the remaining days it is positive as purchases

are greater than sales.

DEBT INVESTMENT

On 2 nd, 10 th, 16 th, 18 th, 19 th, 25 th, 29 th, 30 th the net investment value is negative


On 11 th the net investment is zero because there are no purchases and sales.

FII ACTIVITY IN THE MONTH OF JULY - 2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Jul-09 Equity 2952.1 2723.2 228.9 47.8 Rs.47.87

Debt 133.6 379.4 -245.8 -51.32-Jul-09 Equity 1448.6 1284.9 163.7 34 Rs.48.09

Debt 225.8 41.4 184.3 38.33-Jul-09 Equity 2302.7 1900.8 401.9 84.1 Rs.47.79

84




Debt 2404.8 400.3 2004.5 417.77-Jul-09 Equity 3189.5 3540.8 -351.4 -72.9 Rs.48.22

Debt 1184 10 1174 243.58-Jul-09 Equity 5956.7 3158.1 2798.6 576.8 Rs.48.52

Debt 59.7 217.4 -157.6 -32.59-Jul-09 Equity 3451 2675.5 775.5 158.5 Rs.48.92

Debt 72.6 90.1 -17.5 -3.610-Jul-09 Equity 2345.3 2636.9 -291.6 -59.6 Rs.48.92

Debt 429.2 447.6 -18.5 -3.813-Jul-09 Equity 1897.8 2520.9 -623.2 -128 Rs.48.69

Debt 54.5 546.6 -492.1 -101.114-Jul-09 Equity 2071.5 1881.1 190.4 38.5 Rs.49.4

Debt 455.3 52 403.3 81.615-Jul-09 Equity 2106.9 1654 452.9 92.7 Rs.48.84

Debt 318 82 236 48.316-Jul-09 Equity 2887.5 1856.5 1031 211.6 Rs.48.72


Debt 555.5 269.4 286.1 58.720-Jul-09 Equity 2846.6 2586.6 260 53.4 Rs.48.69

Debt 859.7 525.7 334 68.621-Jul-09 Equity 2578.9 1872.9 706 145.8 Rs.48.43

Debt 123.9 251 -127.1 -26.322-Jul-09 Equity 2547.4 2497.3 50.1 10.4 Rs.48.27

Debt 0 0 0 023-Jul-09 Equity 2936.4 2790.9 145.5 30.1 Rs.48.37

Debt 61.4 1.5 59.9 12.424-Jul-09 Equity 5307 4597.1 709.9 146.6 Rs.48.44

Debt 139 545.4 -406.4 -83.927-Jul-09 Equity 3263.9 2213.2 1050.6 217.2 Rs.48.38




Debt 387.2 0 387.2 79.9Total for

July Equity 65057.5 55174.9 9882.3 2039.6

Debt 9878.7 5467.1 4411.6 916.4

Total for2009 Equity 328355.5 294169.6 34185.9 7065.6

Debt 58375.2 59422.4 -1047.2 -166.9

Grand

Total till

July 30,

2009 Equity 3181425.1 2916825.7 264600.2 62219.4

Debt 193783.5 167135.2 26648.5 6244.4

85



FII PURCHASES IN THE MONTH OF JULY - 2009

FII SALES IN THE MONTH OF JULY - 2009

86


01000200030004000500060007000

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

01- 02- 03- 06- 07- 08- 09- 10- 13- 14- 15- 16- 17- 20- 21- 22- 23- 24- 27- 28-


0500

100015002000250030003500400045005000

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e

b t

E q u i t y

D e b t

E q u i t y

D e

b t

E q u i t y

D e b t

E q u i t y

D e

b t

1-Jul-

2-Jul-

3-Jul-

6-Jul-

7-Jul-

8-Jul-

9-Jul-

10-Jul-

13-Jul-

14-Jul-

15-Jul-

16-Jul-

17-Jul-

20-Jul-

21-Jul-

22-Jul-

23-Jul-

24-Jul-

27-Jul-

28-Jul-

29-Jul-

30-Jul-



INTERPRETATION

EQUITIES INVESTMENT

On 7 th,10 th,13 th the net investments values are negative as purchase are less


DEBT INVESTMENT

On 1 st,8 th,9th,10 th,13 th,16 th,21 st,24 th,27 th,29 th the net investment value is


positive values. On 22 nd the net investment is zero because there are no purchases and sales.

FII IN THE MONTH OF AUGUST - 2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*3-Aug-09 Equity 3079.8 2292.2 787.6 163.5 Rs.48.16

Debt 0 0 0 04-Aug-09 Equity 1826.5 1350.5 475.9 99.4 Rs.47.87

Debt 53.1 324.4 -271.3 -56.75-Aug-09 Equity 2781.4 2573.7 207.8 43.7 Rs.47.54

Debt 3110.6 429.6 2681 564

6-Aug-09 Equity 1948.9 2429.4 -480.4 -100.8 Rs.47.67 Debt 196.9 71.4 125.5 26.3

7-Aug-09 Equity 2580.9 2827.4 -246.5 -51.8 Rs.47.58 Debt 228.5 295.4 -66.9 -14.1

10-Aug-09 Equity 2141.8 2987.9 -846.1 -176.8 Rs.47.86 Debt 463.4 699.6 -236.3 -49.4

11-Aug-09 Equity 2972.8 3200 -227.3 -47.5 Rs.47.81 Debt 676 381.8 294.2 61.5

87



12-Aug-09 Equity 2894.1 2190 704.2 146.9 Rs.47.94 Debt 91.8 254.3 -162.5 -33.9

13-Aug-09 Equity 2595 2705.5 -110.5 -22.9 Rs.48.35 Debt 119.6 285.5 -165.8 -34.3

14-Aug-09 Equity 2954.8 2017.6 937.2 194.7 Rs.48.14 Debt 121.9 234.8 -113 -23.5

17-Aug-09 Equity 2639.9 1609.2 1030.7 213.5 Rs.48.27 Debt 447.6 821 -373.4 -77.4

18-Aug-09 Equity 1766.4 2740.2 -973.8 -200.1 Rs.48.68 Debt 550.1 122.3 427.8 87.9

19-Aug-09 Equity 1644.3 1639.8 4.6 0.9 Rs.48.74 Debt 690.2 341 349.3 71.7

20-Aug-09 Equity 2288.7 3160.8 -872.1 -178.9 Rs.48.74 Debt 75 0 75 15.4

21-Aug-09 Equity 1777.6 2079 -301.3 -61.9 Rs.48.7 Debt 259.3 195 64.3 13.2

24-Aug-09 Equity 2413.2 1867 546.2 112.1 Rs.48.74 Debt 304.7 78.7 226 46.4

25-Aug-09 Equity 2543.9 1695.2 848.6 175 Rs.48.5 Debt 48.3 103.6 -55.3 -11.4

26-Aug-09 Equity 2039.3 2092.9 -53.6 -11 Rs.48.79 Debt 159.1 504.4 -345.4 -70.8

27-Aug-09 Equity 2812.6 1776.7 1036 212.2 Rs.48.83 Debt 98.6 208.6 -110.1 -22.5

28-Aug-09 Equity 4109.6 2766.8 1342.8 274.2 Rs.48.98 Debt 205.6 3008 -2802.5 -572.2Total for

August Equity 49811.5 46001.8 3810 784.4

Debt 7900.3 8359.4 -459.4 -79.8

Total for

2009 Equity 383238.2 344058.6 39179.6 8094.2

Debt 66479.5 70282.1 -3802.5 -720.1

Grand Total

till August

28, 2009 Equity 3236307.9 2966714.8 269593.9 63248

Debt 201887.9 177994.9 23893.2 5691.2

FII PURCHASES IN THE MONTH OF AUGUST - 2009

88


0500

10001500200025003000350040004500

E

q u i t y

D e b t

E q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

E

q u i t y

D e b t

03- 04- 05- 06- 07- 10- 11- 12- 13- 14- 17- 18- 19- 20- 21- 24- 25- 26-



FII SALES IN THE MONTH OF AUGUST - 2009

INTERPRETATION

89


0500

100015002000250030003500

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

03- 04- 05- 06- 07- 10- 11- 12- 13- 14- 17- 18- 19- 20- 21- 24- 25- 26-



EQUITIES INVESTMENT

On 6 th,7 th,10 th,11 th,13 th,18 th,20 th,21 st,26 th the net investments values are

negative as purchase are less than sales and for the remaining days it is positive as purchases

are greater than sales.

DEBT INVESTMENT

On 4 th, 7 th,10 th,12 th,13 th,14 th,17 th,25 th,27 th,26 th,28 th the net investment value is


positive values. On 3 rd the net investment is zero because there are no purchases and sales.

FII ACTIVITY IN THE MONTH OF SEPTEMBER - 2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Sep-09 Equity 2673.9 2760.1 -86.2 -17.6 Rs.48.88

Debt 414.5 92 322.4 662-Sep-09 Equity 2596.8 2899.3 -302.5 -62.1 Rs.48.73

Debt 519.5 286.1 233.4 47.93-Sep-09 Equity 1500.3 2074.5 -574.2 -117 Rs.49.06

Debt 86.4 194.1 -107.7 -224-Sep-09 Equity 1912.2 1853.3 58.9 12.1 Rs.48.88

Debt 2987.1 250.4 2736.7 559.97-Sep-09 Equity 2208.3 2265.1 -56.9 -11.6 Rs.48.89

Debt 220.7 249.7 -29 -5.98-Sep-09 Equity 2952.8 1902.8 1050 215.4 Rs.48.75

Debt 361.3 354.9 6.5 1.39-Sep-09 Equity 3929.3 2754.8 1174.6 241.4 Rs.48.65

Debt 457.3 347.1 110.2 22.710-Sep-09 Equity 3101.4 2854 247.4 51 Rs.48.47

Debt 375 1135.2 -760.1 -156.811-Sep-09 Equity 2998.5 2423.6 574.9 118.9 Rs.48.37

Debt 663.9 510.4 153.5 31.714-Sep-09 Equity 2660.8 2330.2 330.6 68.2 Rs.48.51

Debt 541.6 304.6 237.1 48.9

90



15-Sep-09 Equity 1863.1 1601 262.1 53.8 Rs.48.7 Debt 296.1 308.4 -12.3 -2.5

16-Sep-09 Equity 2911.2 2025.1 886.1 183.2 Rs.48.36 Debt 469 164.5 304.5 63

17-Sep-09 Equity 3608.9 2435 1173.9 242.7 Rs.48.36 Debt 548.3 116.7 431.6 89.3

18-Sep-09 Equity 6074.9 3411.7 2663.1 555.2 Rs.47.97 Debt 297.4 159.4 138.1 28.8

22-Sep-09 Equity 4504.5 2634.7 1869.8 388.1 Rs.48.18 Debt 631.7 566 65.7 13.6

23-Sep-09 Equity 3208.4 1704.9 1503.5 312.1 Rs.48.17 Debt 359.5 494.8 -135.4 -28.1

24-Sep-09 Equity 4311.2 2478.5 1832.7 382.1 Rs.47.96 Debt 408.2 84 324.2 67.6

25-Sep-09 Equity 5711.2 4389.1 1322.1 274.9 Rs.48.1 Debt 656.3 358.6 297.7 61.9

29-Sep-09 Equity 5440.3 2128.4 3311.9 690.3 Rs.47.98 Debt 488 2523.2 -2035.2 -424.2

Total for

September Equity 64168 46926.1 17241.8 3581.1

Debt 10781.8 8500.1 2281.9 463.1

Total for

2009 Equity 449980.3 392466.1 57514.1 11898.7

Debt 77649 79089.7 -1440.7 -240.8

Grand Total

till

September

29, 2009 Equity 3303049.9 3015122.3 287928.4 67052.6

Debt 213057.3 186802.5 26255.1 6170.5

FII PURCHASES IN THE MONTH OF SEPTEMBER - 2009

91


0

1000

2000

3000

4000

5000

6000

7000

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

E q u

i t y

D e

b t

1-Sep-

09

2-Sep-

09

3-Sep-

09

4-Sep-

09

7-Sep-

09

8-Sep-

09

9-Sep-

09

10-Sep-

09

11-Sep-

09

14-Sep-

09

15-Sep-

09

16-Sep-

09

17-Sep-

09

18-Sep-

09

22-Sep-

09

23-Sep-

09

24-Sep-

09

25-Sep-

09

29-Sep-

09



FII SALES IN THE MONTH OF SEPTEMBER - 2009

INTERPRETATION

EQUITIES INVESTMENT

92


0500

100015002000250030003500400045005000

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

01- 02- 03- 04- 07- 08- 09- 10- 11- 14- 15- 16- 17- 18- 22- 23- 24-



On 1 st,2nd,3rd,7 th the net investments values are negative as purchase are less


DEBT INVESTMENT

On 3 rd,7 th,10 th,15 th,23 rd,29 th the net investment value is negative because sales

are greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF OCTOBER - 2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*1-Oct-09 Equity 4687.9 3179 1508.9 314.1 Rs.48.04

Debt 294.8 78.1 216.7 45.15-Oct-09 Equity 4632.5 3260.4 1372.1 286.7 Rs.47.86

Debt 467 59.1 407.9 85.26-Oct-09 Equity 3709.6 3947.1 -237.5 -50 Rs.47.53


Debt 360 577.8 -217.9 -46.28-Oct-09 Equity 4071.7 3298.5 773.1 165.1 Rs.46.82



Debt 511.8 277.9 233.9 50.314-Oct-09 Equity 3058.9 2059.9 999 214.5 Rs.46.58


Debt 600.2 115.4 484.8 10516-Oct-09 Equity 3924.2 2961.1 963.1 209.8 Rs.45.91


Debt 478.5 546.4 -67.9 -14.7

93



21-Oct-09 Equity 4478.3 2708.3 1770 384.4 Rs.46.04 Debt 418 234.7 183.3 39.8

22-Oct-09 Equity 2758.3 3149.9 -391.7 -84.3 Rs.46.44 Debt 892.6 425.3 467.4 100.6

23-Oct-09 Equity 2682.5 2978.3 -295.7 -63.4 Rs.46.66 Debt 914 38.2 875.8 187.7

26-Oct-09 Equity 2942.4 2991.1 -48.8 -10.5 Rs.46.45 Debt 665 331 334 71.9

27-Oct-09 Equity 2147.9 1956.9 191 41 Rs.46.58 Debt 484.3 777 -292.7 -62.8

28-Oct-09 Equity 4989.8 3648.8 1341 286.4 Rs.46.83 Debt 498.4 867.8 -369.4 -78.9

29-Oct-09 Equity 3035.9 3008.1 27.7 5.9 Rs.47.15 Debt 418.2 315.5 102.6 21.8Total for

October Equity 66711.3 56039.4 10671.6 2283.5

Debt 12975.5 6019.9 6955.7 1492.9

Total for

2009 Equity 520394.3 451105.9 69288.3 14411.7

Debt 90923 85461.8 5461.3 1241.2

Grand Total

till October

29, 2009 Equity 3373463.9 3073762.1 299702.7 69565.6

Debt 226331.4 193174.6 33157 7652.5

FII PURCHASES IN THE MONTH OF OCTOBER - 2009

94


0100020003000400050006000

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

01- 05- 06- 07- 08- 09- 12- 14- 15- 16- 20- 21- 22- 23- 26- 27-



DEBT INVESTMENT

On 7 th, 20 th, 27 th,28 th the net investment value is negative because sales are

greater than purchases, and the remaining days are showing positive values.

FII ACTIVITY IN THE MONTH OF NOVEMBER -2009

Reporting

Date Debt/Equity

Gross

Purchases(Rs

Crores)

Gross

Sales(Rs

Crores)

Net

Investment

(Rs Crores)

Net

Investment

US($)

million

Conversion(1

USD TO INR)*3-Nov-09 Equity 4072.5 3336.8 735.7 156.7 Rs.46.96

Debt 945.6 474.7 470.9 100.34-Nov-09 Equity 2188.1 2488.9 -300.8 -63.9 Rs.47.04

Debt 763.2 554.1 209.1 44.55-Nov-09 Equity 3395.2 3381.4 13.7 2.9 Rs.47.13

Debt 865.7 1260.4 -394.7 -83.86-Nov-09 Equity 2035.5 1767.9 267.6 56.8 Rs.47.13

Debt 1059.4 314.9 744.5 1589-Nov-09 Equity 3428 2732 696.1 148.7 Rs.46.82

Debt 569 689.1 -120.1 -25.710-Nov-09 Equity 2280.2 1631 649.2 139.4 Rs.46.58

Debt 469.7 2272.3 -1802.5 -38711-Nov-09 Equity 3035.4 2606.9 428.6 92.1 Rs.46.53


Debt 284 250.4 33.7 7.213-Nov-09 Equity 2517.4 2366 151.3 32.6 Rs.46.5




Debt 874.6 260.1 614.5 132.919-Nov-09 Equity 2586 2063.7 522.4 112.9 Rs.46.26

Debt 275.1 430 -154.9 -33.520-Nov-09 Equity 2083.5 2417.8 -334.3 -72 Rs.46.41

96



Debt 323.9 637.9 -314 -67.723-Nov-09 Equity 2291.7 2417.3 -125.6 -27 Rs.46.58

Debt 472.5 391 81.6 17.524-Nov-09 Equity 1951.3 2019.3 -68 -14.6 Rs.46.49

Debt 309.5 892.2 -582.7 -125.325-Nov-09 Equity 2342.7 2040 302.7 65 Rs.46.6



Debt 979.9 146 833.9 180.2Total for

November Equity 49642.3 43414.8 6227.3 1339

Debt 12363.8 11427.9 936.4 201

Total for

2009 Equity 573455.2 499534.1 73921.1 15414.8

Debt 103534.2 97196.7 6337.6 1429.7

Grand

Total tillNovember

27, 2009 Equity 3426524.9 3122190.3 304335.4 70568.7

Debt 238942.5 204909.5 34033.3 7841

FII PURCHASES IN THE MONTH OF NOVEMBER -2009

97


0500

10001500200025003000350040004500

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

E q u i t y

D

e b t

Top 03- 04- 05- 06- 09- 10- 11- 12- 13- 16- 17- 18- 19- 20- 23- 24- 25-



FII SALES IN THE MONTH OF NOVEMBER -2009

INTERPRETATION

EQUITIES INVESTMENT

98


0500

1000150020002500300035004000

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

D e b t

E q u i t y

Top 03- 04- 05- 06- 09- 10- 11- 12- 13- 16- 17- 18- 19- 20- 23- 24- 25-



On 4 th,20 th,23 rd,24 th the net investments values are negative as purchase are

less than sales and for the remaining days it is positive as purchases are greater than sales.

DEBT INVESTMENT

On 5 th, 9 th, 10 th, 19 th, 20 th, 24 th .the net investment value is negative because

sales are greater than purchases, and the remaining days are showing positive values.

FINDINGS

&

CONCLUSIONS

99



F I N D I N G S:

• In the year 2003 Largely owing to selling pressures from FII’s the BSE Sensex

decline from about 5900 points an 22nd April to around 4500 on May 18th.• 17th May it has registered a record 800 points decline – Which is the steepest fall

in the 130 years history of Stock Exchange.• In the year 2004unsual year was noted in the Stock Exchange.•

It witnessed decline to a low in mid-may 4500 points decline.• The market single day loss of 565 points was noted.• On May 17th 2004 it decline 4500 points (Black Monday) fall for FII’s.• In the year 2005 There are slight slopes around the May 2005 this was due to the

inefficient FII market players, who found out to be culprits later on.• In the year 2006 India’s long term growth remains intact, no other economy in the

world not even China.• March to May months FII’s debt shares are fall down.• In the year 2007 The FII’s debts shares of Net Investment of US (Dollars) are fall

down in Jan to Feb months.• FII’s pull out $ 13 Billions this year.

CONCLUSION:

100



• The flow through FII’s been relatively stable during the period 1992 to 2002, but

has the record an extraordinary surge noted since April 2003. Having average $

1,776 Million a year during 1993 to 1997.• Net FII’s investment dipped to an average of $ 295 Millions during 1997 – 1999

due to SOUTH EAST ASIA crisis.• The liberalization had the desired expansion effect and had either increased the

average level of FII’s inflows.• Net FII’s flows into India since the Liberalization rules such flows 1990-93, this

period of surge in FII’s investment was also one.• Despite of fluctuations in stock market extremely buoyant (Floating).

RECOMMENDATIONS & SUGGESTIONS:

• For investors: – It is better to enter into Indian market, It is offering high returns than any

other market in the world.• For Government:

– The Govt. has to improve functioning of the domestic capital market is

high in FII’s inflows. – Create a single integrated national level solutions with access to multiple

market provide high cost effective service. – It should clear and settlement facilities to the FII’s investors.

– It should provide security for FII’s.• “Investor grievances and service cell”.• SEBI has to provide more facilities for FII’s.• To provide more interest rates to FII’s.• To always predict the future fluctuations of FII’s flows (Inflows &

Outflows).

101



BIBLOGRAPHY

102



BOOKS REFERED:

1) J.Sordan and Fisher: “Security Analysis and Portfolio management”

2) C.R Kothari: “Research Methodology Methods and Techniques”

3) P.G APTE: “International financial Management”

MAGAZINES & JOURNALS:

i. BUSINESS INDIA

ii. BUSINESS TODAY

iii. BUSINESS WORLD

iv. INVESTMENT INDIA

v. PORTFOLIO ORGANISER

SITES USED FOR COLLECTION OF DATA:

1) www.rbi.org.in

2) www.sebi.gov.in

103

fii project work

Documents