Foreign institutional investors (FIIs) pressed sales in equities for the second day in a row on Wednesday, 12 November 2008. FIIs pressed sales worth a net Rs 615.10 crore on Wednesday, much higher than Rs 266.50 crore on the previous trading session.
The outflow of Rs 615.10 crore on Wednesday, was a result of gross purchases Rs 1045 crore and gross sales Rs 1660 crore. The BSE 30-share Sensex lost 303.36 points or 3.08% to 9,536.33, on that day, on political uncertainty ahead of the beginning of assembly polls in five states.
Foreign funds have sold shares worth a net Rs 91.60 crore this month, so far (till 12 November 2008). They have pressed substantial sales this year to shore up resources to beat the global liquidity crunch.
The outflow has reached Rs 51047.40 crore in calendar year 2008 so far. This is in stark contrast to an inflow of Rs 69805.60 crore in the corresponding period in 2007.
There are a total of 1551 foreign funds registered with the Securities & Exchange Board of India (Sebi) as of now.
The outflow of Rs 615.10 crore on Wednesday, was a result of gross purchases Rs 1045 crore and gross sales Rs 1660 crore. The BSE 30-share Sensex lost 303.36 points or 3.08% to 9,536.33, on that day, on political uncertainty ahead of the beginning of assembly polls in five states.
Foreign funds have sold shares worth a net Rs 91.60 crore this month, so far (till 12 November 2008). They have pressed substantial sales this year to shore up resources to beat the global liquidity crunch.
The outflow has reached Rs 51047.40 crore in calendar year 2008 so far. This is in stark contrast to an inflow of Rs 69805.60 crore in the corresponding period in 2007.
There are a total of 1551 foreign funds registered with the Securities & Exchange Board of India (Sebi) as of now.
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