FIIs resume selling

Outflow of Rs 106.40 crore on 12 December 2008

Foreign institutional investors (FIIs) sold shares worth a net Rs 106.40 crore on Friday, 12 December 2008, as against an inflow of Rs 333.30 crore on Thursday, 11 December 2008.

FII outflow of Rs 106.40 crore on 12 December 2008 was a result of gross purchases Rs 1527 and gross sales Rs 1633.40 crore. The BSE Sensex gained 44.61 points and 0.46% to 9,690.07 on that day.

FII inflow in December 2008 totaled Rs 1942.30 crore (till 12 December 2008). FII outflow reached Rs 52,794.90 crore in calendar 2008, so far, till 12 December 2008, as against an inflow of a huge Rs 71,562.90 crore in the corresponding period last year.

There are a total of 1589 foreign funds registered with the Securities & Exchange Board of India (Sebi).