FIIs extend buying

Buy shares worth Rs 53.40 crore on 18 May 2009

Foreign institutional investors (FIIs) bought shares worth a net Rs 53.40 crore on Monday, 18 May 2009, as trading was halted in just a minute of trade due to the triggering of market-wide circuit filters as investors latched stocks after the Congress-led United Progressive Alliance (UPA) got a clear mandate in the 15th Lok Sabha election. FIIs have been on a buying spree this month as they remained net buyers in 11 out of 12 trading sessions.

FII inflow of Rs 53.40 crore on 18 May 2009 was a result of gross purchases Rs 58.10 crore and gross sales Rs 4.70 crore. The 30-share Sensex jumped 2110.79 points or 17.34% at 14,284.21, its biggest single day point gain

FII inflow in May 2009 totaled Rs 10,324 crore (till 18 May 2009) while their inflow in calendar year 2009 totaled Rs 10,680.50 crore.

There are a total of 1656 foreign funds registered with the Securities & Exchange Board of India (Sebi).