Business Daily from THE HINDU group of publications
Saturday, Jan 19, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Jan 19, 2008 ePaper | Mobile/PDA Version |
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Stock Markets Markets - Foreign Institutional Investors Our Bureau Mumbai, Jan. 18 Foreign institutional investors continued to remain bearish on the Indian market with a net sell-off of shares worth Rs 2,147 crore today. This is revealed by the provisional composite data on FII sales for both BSE and NSE trades made available by the latter on its Web site. The latest data thus indicates an intensification of selling observed over the last few days with net sales of Rs 2,279 crore on January 16 and Rs 2,186 crore on January 17. The pattern of trading in the current month thus reverses a trend observed for the previous month when FIIs were net buyers to the tune of Rs 5,579 crore. The latest data available with SEBI puts them as net sellers amounting to Rs 1,406 crore in January 2008. FIIs invested a record Rs 71,486 crore or $17.23 billion in 2007, as per SEBI data. The domestic institutional investors, on the other hand, were net buyers today by buying up shares worth Rs 695 crore and thereby continuing their support of the market today too, a pattern that was observed over the last few days. More Stories on : Stock Markets | Foreign Institutional Investors
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