Tuesday, 1 September 2009

FIIs continue selling for second day; pulls out Rs 636cr

Overseas investors today pulled out nearly Rs 636 crore from local stock markets, stretching the selling trend for the second day in a row.

Foreign institutional investors (FIIs) were gross buyer of shares worth Rs 2,444.21 crore, while they sold stocks valued at Rs 3,080.15 crore that resulted in a net sell of Rs 635.94 crore, according to the provisional data with the Bombay Stock Exchange (BSE) shows.

However, domestic institutional investors were optimistic and made a net investment of Rs 366.89 crore on stock markets.

Yesterday, FIIs were net seller of shares worth Rs 86.20 crore, as per the data with market regulator SEBI.

Non-resident Indians and brokers, on the behalf of their clients, were also enthusiastic as they made a net investment of Rs 229.07 crore and Rs 3.84 crore, respectively.

Meanwhile, proprietors booked profit and pulled out a net Rs 116.02 crore from the domestic stock markets.

The BSE benchmark index Sensex today fell 115.45 points, or 0.74 per cent to close at 15,551.19 level.

Source: EconomicTimes

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