FIIs step up buying

Inflow of Rs 460.30 crore on 8 December 2008

Foreign institutional investors (FIIs) purchased shares worth a net Rs 460.30 crore on Monday, 8 December 2008, much higher than Rs 51.20 crore on Friday, 5 December 2008.

FII inflow of Rs 460.30 crore on 8 December 2008 was a result of gross purchases Rs 1724.50 and gross sales Rs 1264.20 crore. The BSE Sensex gained 197.42 points or 2.2% to 9,162.62 on that day.

FII inflow in December 2008 totaled Rs 727 crore (till 8 December 2008). FII outflow reached Rs 54,010.20 crore in calendar 2008, so far, till 8 December 2008, as against an inflow of a huge Rs 69,430.50 crore in the corresponding period last year.

There are a total of 1587 foreign funds registered with the Securities & Exchange Board of India (Sebi).