Tuesday 22 January 2008

FII sell big....

Outflow of Rs 2425.70 crore on 21 January 2008

Foreign institutional investors (FIIs) sold shares worth net Rs 2425.70 crore on Monday, 21 January 2008, compared to their selling of Rs 1356.10 crore on Friday, 18 January 2008.

FII outflow of Rs 2425.70 crore on 21 January 2008 was a result of gross purchases Rs 4896.90 crore and gross sales Rs 7322.50 crore. The 30-share BSE Sensex declined 1408.35 points or 7.41% to 17,605.35 on that day, its biggest single-day point fall on a closing basis.

FII outflow in January 2008 totaled Rs 5187.60 crore (till 21 January 2008).

There are a total of 1,262 FIIs registered with the Securities & Exchange Board of India (Sebi).