Monday, August 17, 2009

FIIs Pull Out 1226 Crore Rupees in Just One Day

MUMBAI: Foreign institutional investors (FII) pulled out a net Rs 1,226.49 crore from the Indian stock markets, with the benchmark Sensex suffering the most in a month by losing nearly 627 points on frantic selling.

FIIs were the gross buyer of shares worth Rs 1,583.39 crore, while they sold equities valued at Rs 2,809.88 crore, resulting in a net sell of Rs 1,226.49 crore, according to the provisional data available with the Bombay Stock Exchange.

However, domestic institutional investors (DII) took the opportunity to buy shares and made a net investment of Rs 460.32 crore in the markets.

On Friday, overseas investors had made a net investment of Rs 1,030.70 crore in the domestic markets, the latest data available with the market regulator Securities & Exchange Board of India (SEBI) shows.

In today's trade, brokers on behalf of their clients were seen optimistic as they made a net investment of Rs 360.33 crore in the stock makers.

Meanwhile, proprietors and non-resident Indians booked profit and in total pulled out a net Rs 181.41 crore, as per the BSE data.

The Sensex, which notched up nearly a 1.71 per cent gain in the previous week, plunged by 626.71 points at 14,784.92, the biggest fall since July 6, the day the Union Budget was presented.