FIIs step up selling

Outflow of Rs 846.10 crore on 7 August 2009

Foreign institutional investors (FIIs) sold shares worth a net Rs 846.10 crore on Friday, 7 August 2009, much higher than Rs 246.50 crore on Thursday, 6 August 2009.

FII outflow of Rs 846.10 crore on 7 August 2009 was a result of gross purchases Rs 2141.80 crore and gross sales Rs 2987.90 crore. The BSE Sensex lost 353.79 points or 2.28% to 15,160.24 on that day.

FII outflow in August 2009 totaled Rs 889.30 crore (till 7 August 2009). Foreign funds had bought equities worth Rs 11,625.20 crore in July 2009. FII inflow in calendar year 2009 totaled Rs 35,280.40 crore (till 7 August 2009).

There are a total of 1682 foreign funds registered with the Securities & Exchange Board of India (Sebi).