Foreign institutional investors (FIIs) sold shares worth a net Rs 54.20 crore on Thursday, 18 December 2008, lower than Rs 108.70 crore on Wednesday, 17 December 2008.
FII outflow of Rs 54.20 crore on 18 December 2008 was a result of gross purchases Rs 2139.90 and gross sales Rs 2194.10 crore. The BSE Sensex surged 361.14 points, or 3.72%, to 10,076.43 on that day.
FII inflow in December 2008 totaled Rs 1626.90 crore (till 18 December 2008). FII outflow reached Rs 52,690.90 crore in calendar 2008, so far, till 18 December 2008, as against an inflow of a huge Rs 68,422 crore in the corresponding period last year.
There are a total of 1590 foreign funds registered with the Securities & Exchange Board of India (Sebi).
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