Foreign Institutional Investor (FII) data for 2011 is deeply negative – over 11,000 crores have left our cash markets.

FII Net Purchases Cumulative

Domestic institutions have done the exact opposite, as you can see from a plot of the daily net values:

FII and DII Buys

If you look at cumulatives, and invert the FII numbers (that is, negative numbers are positive), here’s the graph:

FII and DII buys (Cumulative)

Our fall has been cushioned by domestic institutions. For all the screaming about lack of volumes, more than 19,000 cr. has been invested by domestic institutions. Despite a net institutional buy of 8,000 cr. (positive) we have seen the indexes fall about 18% for the year. Does this mean that everyone else – Retail, prop accounts, HNIs – are running for the hills?

Now, tell them about it: