Thursday, July 3, 2008

FIIs Offload Shares Worth Rs 668.43 Cr - July 3, 2008

The Sensex has made stunning gains to the tune of 700 points on July 2 but the recovery failed to enthuse Foreign Institutional Investors who offloaded nearly Rs 670 crore worth equities on the Bombay Stock Exchange.

FIIs ended up as net sellers disposing off shares of Rs 668.43 crore. They bought equities worth Rs 3,666.14 crore and sold stocks of Rs 4,334.57 crore.

However, Domestic Institutional Investors (DIIs) were on an investing mood, ending up as net buyers of equities worth Rs 421.01 crore. They purchased stocks of Rs 1,029.32 crore and offloaded equities worth Rs 608.31 crore.Further, brokers sold shares to the tune of Rs 116.95 crore on behalf of clients or retail investors while proprietors snapped up equities worth Rs 119.61 crore.Non-Resident Indians (NRIs) sold stocks to the tune of Rs 2.19 crore.

According to provisional data available on Securities and Exchange Board of India (SEBI) website, FIIs invested in shares worth Rs 174.30 crore as on July 1.

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