FII’s are Booking Profit for Second Day in a Row

by khalid on 10/08/2009 · 0 comments

FIIs on Monday 10th Aug 09 pulled out Rs 640 crore from the Indian stock markets, dragging key indices into a red zone. On Friday also FIIs were in a profit booking mood and pulled out Rs 846 crore from the stock markets.

FIIs were the gross buyer of shares worth Rs 2,539 crore, whereas they sold equities valued at Rs 3,179 crore, resulting in a net sale of Rs 640 crore, the provisional data available with the Bombay Stock Exchange shows.

However, domestic institutional investors (DIIs) defied the trend and made a net investment of Rs 86 crore. Brokers, on the behalf of their clients, and non-resident Indians (NRIs) also followed DIIs and in total purchased shares worth Rs 144 crore.

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