FIIs step up buying

Foreign institutional investors (FIIs) bought shares worth net Rs 699 crore on Thursday, 17 April 2008, compared to their buying of Rs 3.80 crore on Wednesday, 16 April 2008.

FII inflow of Rs 699 crore on 17 April 2008 was a result of gross purchases Rs 4067.50 crore and gross sales Rs 3368.50 crore. Sensex rose 237.01 points or 1.46% at 16,481.20 on that day.

FII inflow in April 2008 totaled Rs 418.30 crore (till 17 April 2008). FII outflow in calendar year 2008 totaled Rs 11,014.40 crore (till 17 April 2008).

There are a total of 1,327 FIIs registered with the Securities & Exchange Board of India (Sebi).