Foreign funds step up selling
Foreign
institutional investors (FIIs) sold shares worth net Rs 680.40 crore on
Tuesday, 15 July 2008, compared to their selling of Rs 212.30 crore on
Monday, 14 July 2008.
FII outflow of Rs 680.40 crore on 15 July
2008 was a result of gross purchases Rs 2370.50 crore and gross sales
Rs 3050.90 crore. Sensex plunged 654.32 points or 4.91% to 12,676.19 on
that day.
FII outflow in July 2008 totaled Rs 2,561.10 crore
(till 15 July 2008). FII outflow in calendar year 2008 totaled Rs
28,026.40 crore (till 15 July 2008).
There are a total of 1,422 FIIs registered with the Securities & Exchange Board of India (Sebi).
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