Massive selling by FIIs in 2008

Outflow of Rs 52987.10 crore for the year

Foreign institutional investors (FIIs) purchased shares worth a net Rs 124.40 crore on Tuesday, 30 December 2008, as against an outflow of Rs 10.30 crore on Monday, 29 December 2008.

FII inflow of Rs 124.40 crore on 30 December 2008 was a result of gross purchases Rs 882.20 and gross sales Rs 757.80 crore. The BSE Sensex gained 182.64 points or 1.92% at 9716.16 on that day.

FII inflow in December 2008 totaled Rs 1330.70 crore (till 30 December 2008). Foreign funds made heavy sales in calendar year 2008. FII outflow reached Rs 52987.10 crore till 30 December 2008, as against an inflow of a huge Rs 71486.50 crore in the corresponding period last year.

There are a total of 1594 foreign funds registered with the Securities & Exchange Board of India (Sebi).