Monday, 23 September 2013

FIIs snap five-day buying streak of shares; dealers worry pause may hurt - NDTV

Reuters | Updated On: September 24, 2013 10:00 (IST)

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Foreign institutional investors (FIIs) sold 805.7 million rupees worth Indian shares on Monday, snapping their five-day buying streak, exchange data shows.

FIIs bought around Rs. 12,700 crore worth Indian shares over the previous 12 sessions till Friday, regulatory data shows.

Foreign investors also sold Rs. 748 crore worth stock futures and Rs. 88.5 crore worth index futures on Monday.

Dealers say as the trend remains down for the short term liquidity remain key for the markets, so even a break in FII buying may therefore weigh on the markets.

Copyright: Thomson Reuters 2013

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