FIIs step up selling

Outflow of Rs 477.90 crore on 2 March 2009

Foreign institutional investors (FIIs) sold shares worth a net Rs 477.90 crore on Monday, 2 March 2009, much higher than Rs 270.30 crore on Friday, 27 February 2009.

FII outflow of Rs 477.90 crore on 2 March 2009 was a result of gross purchases Rs 831.50 and gross sales Rs 1309.40 crore. The BSE Sensex lost 284.53 points, or 3.2%, to 8,607.08 on that day.

FII outflow in calendar year 2009 totaled Rs 7418.80 crore (till 2 March 2009).

There are a total of 1626 foreign funds registered with the Securities & Exchange Board of India (Sebi).