FIIs offload shares worth $1.5 bn in first 12 days of August
Foreign institutional investors (FII) have offloaded shares worth $1.30 billion (about Rs 5,829.40 crore) in the Indian equity market so far this month, as stock markets were rattled by global economic uncertainty.
In August 1-12 this year, overseas investors purchased equities worth a gross amount of Rs 22,958.30 crore. However, they also sold shares valued at Rs 28,787.70 crore in the same period, translating into net sales of shares worth Rs 5,829.40 crore during the period, according to data available with the Securities and Exchange Board of India (Sebi).
Market analysts believe the heavy selling by FIIs was triggered by the downgrade of the US’s credit rating, which led to panic among investors fearful of another recession in the world’s largest economy. For more visit: Business Standard
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
