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Friday, January 04, 2008

FIIs in selling mode


Outflow of Rs 244.50 crore on 2 January 2008

Foreign institutional investors (FIIs) sold shares worth net Rs 244.50 crore on Wednesday, 2 January 2008, compared to their buying of Rs 142.30 crore on Tuesday, 1 January 2008.

FII outflow of Rs 244.50 crore on 2 January 2008 was a result of gross purchases of Rs 4083.80 crore and gross sales Rs 4328.30 crore. The 30-share BSE Sensex surged 164.59 points or 0.81% to settle at record closing peak of 20,465.30 on that day.

There are a total of 1,219 FIIs registered with the Securities & Exchange Board of India (Sebi).