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Our Bureau

Mumbai, Sept. 19 Morgan Stanley continued to sell large amount of shares held in Indian companies, but it also bought shares in other companies on Friday, amid concern about its financial health.

The US-based FII sold shares of NDTV, Phoenix Mills, Advanta and Pratibha Industries according to the bulk deal reports on the BSE. However, it also bought shares of Jaiprakash Associates and Reliance Capital on the NSE in substantial quantity as per the bulk deal report.

Other prominent FIIs too sold on Friday. Australia-based Macquarie Bank sold shares of Ruchi Soya, whereas US-based Citigroup sold shares of Advanta, CLSA Mauritius sold shares of Denso India.

But there were some FIIs, such as Merrill Lynch and Goldman Sachs, who bought shares of Indian companies.

Merrill Lynch, which was bought over by the Bank of America on Friday, purchased shares of Phoenix Mills in large quantity. Goldman Sachs bought shares of KSL and Industries.

According to provisional exchange data, FIIs bought shares worth Rs 6,609.58 crore and sold shares worth Rs 5,593 crore, they were net buyer of shares worth Rs 1,016.18 crore.

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