Foreign
institutional investors (FIIs) sold shares worth a net Rs 285.40 crore
on Wednesday, 20 August 2008, compared to their outflow of a massive Rs
1135.80 crore on Tuesday, 19 August 2008.
FII outflow of Rs
285.40 crore on 20 August 2008 was a result of gross purchases Rs
1802.40 crore and gross sales Rs 2087.80 crore. The BSE Sensex rose
134.50 points or 0.92% to 14,678.23 on that day tracking recovery in
Asian stocks.
FII outflow totaled Rs 831.40 crore this month,
till 20 August 2008. FIIs had sold shares worth Rs 1836.80 crore in
July 2008, much lower than an outflow of Rs 10095.80 crore in June
2008.
FII outflow in this calendar year totaled Rs 28133.40
crore so far (till 20 August 2008), compared to an inflow of a massive
Rs 34255.90 crore by the same time last year.
There are a total of 1471 foreign funds registered with the market regulator Securities & Exchange Board of India (Sebi).
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