FIIs keep selling

Outflow of Rs 762.30 crore on 21 January 2009

Foreign institutional investors (FIIs) sold shares worth a net Rs 762.30 crore on Wednesday, 21 January 2009, much higher than Rs 292.20 crore on Tuesday, 20 January 2009.

FII outflow of Rs 762.30 crore on 21 January 2009 was a result of gross purchases Rs 866.40 and gross sales Rs 1628.70 crore. The BSE Sensex lost 321.38 points, or 3.53%, to 8,779.17 on that day.

FII outflow in January 2009 totaled Rs 3698.90 crore (till 21 January 2009).

There are a total of 1608 foreign funds registered with the Securities & Exchange Board of India (Sebi).