Monday, October 20, 2008

FIIs Selling Heavily Amid The Index Rising

Foreign institutional investors sold off equities worth Rs 816.79 crore, amid the barometer index gaining over 200 points on Monday.

FIIs invested in shares worth Rs 1,934.53 crore and shed stocks valued Rs 2,751.32 crore, resulting in a net sale of Rs 816.79 crore as per provisional data available on the BSE.

According to information available on SEBI website, FIIs shed of equities worth Rs 215.10 crore on Friday. However, domestic institutional investors show confidence in the Indian market and offloaded stocks worth Rs 216.43 crore on the day's trade.

Among other categories, brokers invested in shares valued Rs 98.96 crore on behalf of their clients and retail investors. Proprietors and non-resident Indian entities purchased equities worth Rs 53.33 crore and 5.88 crore respectively. The Bombay Stock Exchange 30-share index settled at 10,223.09 points, up 247.74 points or 2.48 per cent.

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