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Friday, August 15, 2008

FIIs sell shares worth Rs 1,195 cr this week

MUMBAI: Amid markets witnessing a volatile trade, foreign institutional investors turned out to be net sellers shedding equities worth Rs 1,194.88 crore this week.

FIIs invested in equities worth Rs 409.70 crore and offloaded shares valued Rs 1,604.58 crore till today, a net sale of Rs 1,194.88 crore as per data available on the SEBI and BSE website.

Triggered by weak global stock markets, the BSE barometer Sensex fell nearly three per cent to 14,724.18 points this week.

FIIs today invested in shares worth Rs 1,752.94 crore and shed equities worth Rs 2,326.92 crore, resulting in the net sale of Rs 573.98 crore, as per provisional data available on the BSE.

Reversing the trend, domestic institutional investors today bought equities valued Rs 23.32 crore in the Indian market.

Brokers purchased shares worth Rs 248.41 crore for their clients or retail investors, while non-resident Indian entities invested in shares worth 0.67 crore respectively.

Meanwhile, proprietors shed shares worth Rs 37.31 crore amid the Sensex falling 369 points today.

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