In the past week Foreign Institutional investors sold of nearly $259 million in the Indian equities market. Till the week ended Friday a sell trend could be witnessed as the benchmark indices closed flat amid the volatile trading sessions. According to current data available from the Securities and Exchange board of India, the FIIs have offloaded stocks worth $258.87 until the week ended September 16.
However for this month the FII inflows have been positive at $402.28 million. It is a reasonable show as compared to the $2.39 billion sold by FII in the month of August. The trading remained highly volatile during the week amid the dismal Industrial Output numbers and the 12th successive rate hike by the Reserve Bank of India. The benchmark indices were able to nudge up in the volatile sessions.
In July the Industrial Output had slumped to 3.3% which was the lowest in 21 months. The 30 scrip sensitive index of the Bombay Stock Exchange has ended the week at 16,933.83 points which is 40 points or 0.40 percent above the previous close of 16,866.97 points. The net inflows in the last week of August from the Foreign Institutional Buyers had turned negative if compared to the record $28.83 billion pumped into to the Indian markets in the year 2010. FII inflows have been really tardy in 2011. However in September improvements have been witnessed as FIIs have shown better buying appetite and the net inflows as on September 16 are over $446.6 million.
Bell The Bull says Positive FII Inflow To Help The MarketsGoogle+