Overseas funds sell $22.39 million in equities
September 25th, 2011 - 5:50 pm ICT by IANS
Mumbai, Sep 25 (IANS) Indian equities markets saw overseas funds turn net sellers during the week ended Friday even as benchmark indices lost 4.5 percent amid a global sell-off.
Foreign institutional investors (FIIs) sold off $22.39 million in a week after the US Federal Reserve said the world economy could slip into another bout of recession sparked off a selling spree.
Also the rupee weakening to hit 50 a dollar made investors nervous.
For the month, however, FII inflows were positive at $379.89 million. This is still a decent month as far as inflows go, if compared to the $2.39 billion FIIs sold in August.
During the week, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) tumbled 4.56 percent or 771.77 points in the weekly trade and closed at 16,162.06 points.
At the National Stock Exchange, the 50-scrip S&P; CNX Nifty also fell almost five percent in the weekly trade.
FII inflows have been tardy in 2011.
The net inflows till the last week of August from overseas institutional buyers had turned negative, compared to the record $28.83 billion overseas funds pumped into the Indian markets in 2010.
However, in September, FIIs have showed better buying appetite and the net inflows for 2011 as on Sep 23 now stand at a little over $424.2 million.
- Overseas funds sell over $259 million in equities - Sep 18, 2011
- Overseas funds pump in over $588 million in volatile trading week - Sep 11, 2011
- Foreign funds sell over $260 mn in equities during week - Dec 18, 2011
- Overseas funds sold $1.5 bn in August - Aug 21, 2011
- Foreign funds investments in September at $6.97 mn - Oct 02, 2011
- Overseas funds turn bearish, pull out $2.48 bn in August - Aug 28, 2011
- Foreign funds inflow slackens even as markets gain - Feb 20, 2011
- Overseas funds bought Indian stocks worth $282 mn during week - Jul 31, 2011
- Foreign funds pump in over $1.16 bn till Jan 20 - Jan 22, 2012
- Bullish foreign investors pump in over $5.5 bn into Indian markets - Feb 26, 2012
- Foreign funds sold $620 mn worth equities in first week of May - May 08, 2011
- Foreign funds outflow in equities markets tops $1 bn in 2011 - Feb 06, 2011
- Eurozone crisis keeping Indian markets unstable: Pranab - Nov 23, 2011
- Foreign funds sell $329.5 mn worth of stocks during week - Jun 19, 2011
- Foreign funds turn net sellers for first time in 25 weeks - Nov 21, 2010
Tags: appetite, bombay stock exchange, bse, federal reserve, foreign institutional investors, indian markets, institutional buyers, national stock exchange, recession, rupee, sensex, sensitive index, spree, us federal reserve, world economy