Foreign funds step up selling

Outflow of Rs 569.60 crore on 21 January 2010

Foreign funds stepped up selling on the bourses pulling out a net Rs 569.60 crore on Thursday, 21 January 2010, compared with Rs 32.30 on Wednesday, 20 January 2010.

FII outflow of Rs 569.60 crore on 21 January 2010 was a result of gross purchases Rs 2698.60 crore and gross sales Rs 3268.10 crore. The secondary equity market sales totaled Rs 566.80 crore which was a result of gross purchases Rs 2694.70 crore and gross sales Rs 3261.50 crore. The BSE 30-share Sensex lost 423.35 points or 2.42% to 17,051.14 that day on disappointing Q3 results from frontline companies.

There was an outflow of Rs 2.80 crore in the category 'primary market & others', which was a result of gross purchases Rs 3.80 crore and gross sales Rs 6.60 crore.

FII inflow in January 2010 totaled Rs 6543.20 crore. 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 1,702 foreign funds registered with the Securities & Exchange Board of India (Sebi).