Markets buoyed as FIIs continue to buy
16 Apr 2009
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Foreign institutional investors (FIIs) on Wednesday emerged as a net buyer of shares worth Rs684.50 crore amid a surge of over 317 points in the benchmark index of the BSE, which maintained an eight-day-long rally to settle above 11,000 for the first time in six months.
FIIs purchased of stocks worth Rs3,893.83 crore, whereas they sold shares worth Rs3,209.33 crore, resulting in a net buy, provisional data released by the Bombay Stock Exchange and the National Stock Exchange shows. On Monday, FIIs had invested a net Rs641.8 crore.
Domestic institutional investors also followed FIIs and were net buyers to the tune of Rs290.22 crore, whereas proprietors were the net buyer of shares worth Rs54.53 crore, the BSE data shows. While DIIs made gross purchases of Rs1646.80 crore, their gross sales totalled Rs1356.58 crore
However, two other market participants - brokers on the behalf of their clients and non-resident Indians (NRIs) - booked profits and together were net sellers of shares worth Rs221.70 crore.
FIIs purchased of stocks worth Rs3,893.83 crore, whereas they sold shares worth Rs3,209.33 crore, resulting in a net buy, provisional data released by the Bombay Stock Exchange and the National Stock Exchange shows. On Monday, FIIs had invested a net Rs641.8 crore.
Domestic institutional investors also followed FIIs and were net buyers to the tune of Rs290.22 crore, whereas proprietors were the net buyer of shares worth Rs54.53 crore, the BSE data shows. While DIIs made gross purchases of Rs1646.80 crore, their gross sales totalled Rs1356.58 crore
However, two other market participants - brokers on the behalf of their clients and non-resident Indians (NRIs) - booked profits and together were net sellers of shares worth Rs221.70 crore.
