FIIs turn net sellers last week, pull out Rs. 1,648 cr

After being net investors for the first two weeks of this year, the foreign funds have turned net sellers by pulling out a net Rs. 1,648 crore from the domestic stock markets last week.

Foreign institutional investors (FIIs) were net sellers of shares worth Rs. 1,648.5 crore during the week ended Friday, as per the data available with the market regulator SEBI.

Significantly, during the same period (January 18-22) the BSE Sensex declined nearly four per cent to end the week at 16,859.68.

Overseas investors had infused a net Rs. 3,700 crore into the domestic markets during the first trading week of 2010, reflecting an impressive start for the new year.

At the end of the first fortnight, FIIs were the net buyer of shares worth Rs. 8,191 crore. However, after the last week’s outflow, total investment of FIIs in the local stock markets now stands at Rs. 6,543.20 crore so far this year, as per the SEBI data.

FIIs were net investors of a record over Rs. 83,400 crore in domestic equities last year, when the Sensex had gained 81 per cent.