Wednesday, May 26, 2010

FIIs step up selling

Outflow of Rs 1421.60 crore on 25 May 2010 

Foreign institutional investors (FIIs) sold shares worth a net Rs 1421.60 crore on Tuesday, 25 May 2010, higher than Rs 881.90 crore on Monday, 24 May 2010. 

The net outflow of Rs 1421.60 crore on 25 May 2010 was a result of gross purchases Rs 1753.40 crore and gross sales Rs 3174.90 crore. There was an outflow of Rs 1421.80 crore from secondary equity markets which was a result of gross purchases Rs 1753.20 crore and gross sales Rs 3174.90 crore. The BSE Sensex fell 447.07 points or 2.71% to 16,022.48 on that day.
There was an inflow of Rs 0.30 crore in the category 'primary market & others'. 

FII outflow in May 2010 totaled Rs 9910 crore (till 25 May 2010). FIIs had bought equities worth Rs 9900 crore in April 2010. FII inflow in the calendar year 2010 totaled Rs 20,095.80 crore (till 25 May 2010). 

There are a total of 1,711 foreign funds registered with the Securities & Exchange Board of India (Sebi).