FIIs shed shares worth Rs1,324 cr this week

FIIs shed shares worth Rs1,324 cr this week
PTI
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First Published: Fri, Aug 01 2008. 09 57 PM IST
Updated: Fri, Aug 01 2008. 09 57 PM IST
Mumbai: Foreign institutional investors were net sellers for the week ended 1 August, offloading equities worth Rs1,323.78 crore amid volatile Indian market which closed 382 points up compared to last week’s close.
During this week, FIIs invested in equities worth Rs597 crore and shed shares valued Rs1,920.78 crore, resulting in net sales of Rs1,323.78 crore. The BSE benchmark rose 2.67% from last week’s close of 14,274.94 points.
FIIs invested in shares worth Rs 2,686.71 crore and sold scrips valued Rs3,273.99 crore, resulting in net sale of Rs587.28 crore of shares on 1 August. Domestic institutional investors, however, were bullish on the market and invested in shares worth Rs396.34 crore.
Among other categories brokers sold shares worth Rs136.64 crore on behalf of their clients or retail investors.
However, non-resident Indians and proprietors were following the market rally and invested in shares valued Rs3.25 crore and Rs188.55 crore, respectively.
The BSE benchmark index Sensex closed at 14,656.69 points, up 2.1% or 300.94 points from the previous close.
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First Published: Fri, Aug 01 2008. 09 57 PM IST
More Topics: FII | BSE | Sensex | Nifty | NRI |