Monday, March 3, 2008

FIIs sell shares worth Rs 711 cr on bourses

FIIs sell shares worth Rs 711 cr on bourses
3 Mar, 2008, 2037 hrs IST, PTI

MUMBAI: Foreign institutional investors were net sellers in equities on Monday as the Bombay Stock Exchange benchmark index, Sensex, ended 900 points down.

FIIs made gross sale of equities worth Rs 4,128.18 crore and gross purchase of Rs 3,416.87 crore, resulting in a net sale of Rs 711.31 crore.

Domestic institutional investors, however, were net investors in shares worth Rs 80.47 crore, provisional data available on the BSE show.

Among other categories, non-resident Indian entities and proprietors sold shares worth Rs 4.09 crore and Rs 94.51 crore respectively.

Brokers, however, invested shares worth Rs 259.81 crore for their clients or retail investors.

According to the information available on the SEBI website, FIIs sold shares worth Rs 244.10 crore on Friday.

The Sensex ended the day at 16,677.88, a fall of 900.84 points or 5.12 per cent.

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