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Monday, September 07, 2009

Foreign funds resume selling

Net outflow of Rs 58.90 crore on 4 September 2009

Foreign funds pressed sales of equities for the fourth time in five days on Friday, 4 September 2009. Foreign funds sold shares worth a net Rs 56.90 crore on 4 September 2009, as compared to an inflow of Rs 58.90 crore on 3 September 2009.

The net outflow Rs 56.90 crore on 4 September 2009 was a result of gross purchases Rs 2208.30 crore and gross sales Rs 2265.10 crore. The BSE 30-share Sensex advanced 290.79 points or 1.89% to 15,689.12 that day with firm global stocks boosting sentiment.

Foreign funds pressed sales worth a net Rs 874.70 crore in the first four trading sessions in September 2009 (till 4 September 2009). The outflow this month comes after their buying vigour ebbed 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.

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