FIIs infuse Rs 1,000 crore in Indian stock markets
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Last Updated: Monday, September 07, 2009, 21:04
Mumbai: Foreign institutional investors on Monday made a heavy investment of over Rs 1,000 crore in the Indian stock markets, helping the key indices to touch their highest levels in more than a year.

Overseas investors were the gross buyer of shares worth Rs 3,001.63 crore, while they sold equities worth Rs 1,941.21 crore, resulting in a net investment of Rs 1,060.62 crore, according to the provisional data with the Bombay Stock Exchange (BSE).

Domestic institutional investors were also bullish about market and made a net investment of Rs 149.96 crore.

On Friday, FIIs were the net seller of shares worth Rs 56.90 crore, as per the latest data with the market regulator Securities and Exchange Board of India (SEBI).

However, non-resident Indians and brokers on behalf of their clients, booked profit and in total sold shares worth Rs 289.89 crore, according to the BSE data.

Proprietors followed FIIs and and purchased shares worth Rs 97.56 crore.

For the first time this year, BSE benchmark Sensex closed above 16,000 points on a strong rally sparked by positive global cues and improved rain in many parts of the country.

The National Stock Exchange's 50-share Nifty also closed at its highest level since May 30, 2008 at 4,782.90 points.

The 30-share Sensex closed the day at more than 15-month high of 16,016.32, a rise of 327.20 points, or 2.09 per cent, over its previous close. Nifty gained 102.50 points to close at 4,782.90.

Bureau Report

First Published: Monday, September 07, 2009, 21:04

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