Wednesday, September 3, 2008

FIIs Continue Selling In Equities - 3 Sep 08

Foreign institutional investors (FIIs) sold shares worth a net Rs 171.70 crore on Monday, 1 September 2008, lower than their outflow of Rs 257 crore on Friday, 29 August 2008.

FII outflow of Rs 171.70 crore on 1 September 2008 was a result of gross purchases Rs 1348.80 crore and gross sales Rs 1520.50 crore. The market ended with small losses on Monday, 1 September 2008, staging a smart comeback from an intra-day fall. BSE Sensex lost 66.02 points or 0.45% at 14,498.51, recovering from an intra-day fall of 283.43 points.

FIIs sold shares worth a net Rs 1211.70 crore in August 2008, compared to their outflow of Rs 1836.80 crore in July 2008. FIIs had sold shares worth a net Rs 10095.80 crore in June 2008

FII outflow reached Rs 28942.30 crore in calendar 2008, so far, till 1 September 2008, as compared to an inflow of Rs 28942.30 crore by the same time last year.

There are a total of 1483 foreign funds registered with the Securities & Exchange Board of India (Sebi).

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