FIIs press sales

Net outflow of Rs 152.60 crore on 8 December

FIIs turned net sellers after staying net buyers for three previous consecutive sessions, selling net shares worth Rs 152.60 crore on 8 December.

Gross purchases were Rs 1,657.50 crore and gross sales amounted to Rs 1,647.40 crore.

FIIs (till 8 December) have divested Rs 1,671.50 crore by the first few days of December 2006, thanks to a huge outflow of Rs 2,814 crore in a single trading session on 4 December because FIIs reported money that they had received from shares not tendered in the sponsored ADR issue of Infosys, thus not representative of their sales in secondary markets in Indian equities.

Cumulative FII inflow in 2006 has reached $8.43 billion, compared to a record inflow of $10.7 billion in 2005.