Foreign institutional investors (FIIs) sold shares worth a net Rs 414 crore on Thursday, 6 November 2008, as against their inflow of Rs 339.50 crore on Wednesday, 5 November 2008.FII outflow of Rs 414 crore on 6 November 2008 was a result of gross purchases Rs 1522.90 crore and gross sales Rs 1936.90 crore. The BSE Sensex fell 385.79 points or 3.81% to 9,734.22 on that day.
FII inflow in November 2008 totaled Rs 1777.40 crore (till 6 November 2008). FII outflow reached Rs 50,361.60 crore in calendar 2008, so far, till 6 November 2008, as against an inflow of a huge Rs 70,752.50 crore in the corresponding period last year.There are a total of 1543 foreign funds registered with the Securities & Exchange Board of India (Sebi).
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