Foreign institutional investors (FIIs) bought shares worth a net Rs 2,663.10 crore on Thursday, 17 September 2009, extending their buying spree for the ninth session.
FII inflow of Rs 2,663.10 crore on 17 September 2009 was a results of gross purchases Rs 6,074.90 crore and gross sales Rs 3,411.70 crore. The BSE Sensex rose 34.07 points to 16,711.11 on that day.
The rise in FII activity on 17 September 2009 was probably due to Reliance Industries' (RIL)'s sale of its own shares in a bulk deal. RIL owned Petroleum Trust mopped up Rs 3,188 crore through the sale of 1.5 crore treasury shares of RIL on Thursday at an average price of about Rs 2,125 a piece
FII inflow in September 2009 totaled Rs 7,401.80 crore (till 17 September 2009). Foreign funds had bought equities worth Rs 4028.80 crore in August 2009. FII inflow in the calendar year 2009 totaled Rs 47,674.20 crore (till 17 September 2009).
There are a total of 1697 foreign funds registered with the Securities & Exchange Board of India (Sebi).