FIIs on a selling drive

Outflow of Rs 825.20 crore on 4 June 2008

Foreign institutional investors (FIIs) sold shares worth net Rs 825.20 crore on Wednesday, 4 June 2008, compared to their selling of Rs 952.30 crore on Tuesday, 3 June 2008.

FII outflow of Rs 825.20 crore on 4 June 2008 was a result of gross purchases Rs 3245.70 crore and gross sales Rs 4070.90 crore. Sensex tumbled 447.77 points or 2.81% at 15,514.79 on that day.

FII outflow in calendar year 2008 totaled Rs 17,241.70 crore (till 4 June 2008).

There are a total of 1,382 FIIs registered with the Securities & Exchange Board of India (Sebi).