Foreign funds step up selling

Outflow of Rs 302.50 crore on 1 September 2009

Foreign funds stepped up selling in equities with a net outflow of Rs 302.50 crore on Tuesday, 1 September 2009, compared to Rs 86.20 crore on Monday, 31 August 2009.

The net outflow of Rs 302.50 crore on Tuesday, 1 September 2009, was a result of gross purchases Rs 2596.80 crore and gross sales Rs 2899.30 crore. The BSE Sensex had lost 115.45 points or 0.74% to 15,551.19 that day, falling for the second day in a row, with the market sentiment hit by a tepid debut of state-run power firm NHPC on the bourses.

The inflow of foreign funds slowed sharply last month. FII inflow in August 2009 totaled Rs 4028.80 crore. Foreign funds had bought equities worth Rs 11,625.20 crore in July 2009.