Friday, October 31, 2008

FIIs invests Rs 1,237 cr in equities

Reversing their selling spree Foreign Institutional Investors on Friday invested in equities worth Rs 1,237.21 crore, amid the barometer i

ndex gaining over 740 points.

FIIs invested in shares worth Rs 4,129.22 crore and sold stocks valued Rs 2,892.01 crore, resulting in a net investment of Rs 1,237.21 crore, as per provisional data available on the BSE.

According to information available on Sebi website, FIIs offloaded shares valued Rs 848.59 crore during the week.

However, domestic institutional investors shed stocks worth Rs 116.10 crore on the bourses.

Among other categories, brokers sold shares worth Rs 145.66 crore on behalf of their clients and retail investors and non-resident Indian entities sold stocks worth Rs 1.44 crore.

Meanwhile, proprietors purchased equities worth Rs 29.22 crore on the day's trade.

The Bombay Stock Exchange benchmark index Sensex settled at 9,788.06 points, up 743.55 points or 8.22 per cent.

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