FIIs in selling mode

Outflow of Rs 694.70 crore on 22 May 2009

Foreign institutional investors (FIIs) sold shares worth a net Rs 694.70 crore on Friday, 22 May 2009, as against an inflow of Rs 146.90 crore on Thursday, 21 May 2009.

FII outflow of Rs 694.70 crore on 22 May 2009 was a result of gross purchases Rs 2,412 crore and gross sales Rs 3,106.70 crore. The BSE Sensex had gained 150.61 points or 1.10% to 13,887.15 on that day.

FII inflow in May 2009 totaled Rs 14,242.40 crore (till 22 May 2009). FII inflow in calendar year 2009 totaled Rs 14,955 crore (till 22 May 2009).

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