Monday, January 25, 2010

FIIs step up selling

Outflow of Rs 2059.50 crore on 22 January 2010

Foreign institutional investors (FIIs) sold shares worth a net Rs 2059.50 crore on Friday, 22 January 2010, much higher than Rs 569.60 crore on Thursday, 21 January 2010.

FII outflow of Rs 2059.50 crore on 22 January 2010 was a result of gross purchases Rs 3247.20 crore and gross sales Rs 5306.70 crore. The secondary equity market sales totaled Rs 2204.20 crore, which was a result of gross purchases Rs 3092.50 crore and gross sales Rs 5296.70 crore. The BSE Sensex fell 191.46 points or 1.12% to 16,859.68 on that day.

There was an inflow of Rs 144.70 crore in the category 'primary market & others', which was a result of gross purchases Rs 154.70 crore and gross sales Rs 10 crore.

FII inflow in January 2010 totaled Rs 4483.70 crore (till 22 January 2010). FII had bought equities worth Rs 11,067.20 crore in December 2009. FII inflow in the calendar year 2009 was Rs 84,258 crore.

There are a total of 1,701 foreign funds registered with the Securities & Exchange Board of India (Sebi).