Wednesday, August 30, 2006

Pick up in FII puchases

Huge inflow of Rs 368.90 crore on 29 August.Foreign institutional investors (FIIs) were buyers for the fourth day in a row on Tuesday (29 August 2006). They bought shares worth a net Rs 368.90 crore compared to Monday’s (28 August) purchases of Rs 43.40 crore.

FIIs made gross purchases worth Rs 1,485.60 crore and gross sales worth Rs 1,116.70 crore on 29 August 2006. The 30-share BSE Sensex surged 87.33 points (0.75%), to settle at 11,706.85 on 29 August 2006.

FII inflows for August 2006, till 29 August, stood at Rs 4,306.20 crore compared to Rs 4,793.10 during the same period last year.

For the calendar year 2006, the total FII inflows aggregate Rs 17,052.50 crore, a decline of 47.68% compared to Rs 32,596.20 crore during the same period last year.

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