FIIs step up buying

The latest data shows that FIIs bought heavily into Indian stock for the seventh consecutive days. FIIs purchased shares worth a net Rs 1007.90 crore on Wednesday (18 October 2006) compared to Tuesdays (17 October) purchases of Rs 389 crore

The net inflow of Rs 1007.90 crore on 18 October was a result of gross purchases worth Rs 2846.70 crore and gross sales of Rs 1838.80 crore. The 30-share BSE Sensex lost 25.35 points (0.2%), to settle at 12,858.48, on 18 October 2006.

FIIs inflow for the month of October 2006, till 18 October, stood at Rs 5453.30 crore.

For the calendar year 2006, the FIIs total inflow aggregates Rs 28267.20 crore, a decline of 22% when compared to Rs 36270.60 during the same period last year.