Signs of foreign buying fatigue emerge in India

Thu Nov 21, 2013 1:40pm IST

People watch a news channel displayed on a large screen on the facade of the Mumbai Stock Exchange building, February 28, 2007. REUTERS/Arko Datta/fILES

People watch a news channel displayed on a large screen on the facade of the Mumbai Stock Exchange building, February 28, 2007.

Credit: Reuters/Arko Datta/fILES

Related Topics

Stocks

   

Reuters Market Eye - After pumping in around $6 billion in Indian cash shares since late August, foreign institutional investors (FIIs) are slowing their pace of purchases.

FIIs bought shares worth 800 million rupees on Wednesday, compared with more than 10 billion rupees each on Monday and Tuesday.

Some traders also cited heavy basket selling by foreign investors in the Nifty, meaning sales of entire batches of shares by investors in the last half hour of trading on Wednesday.

Overseas investors also sold stock futures worth 6.5 billion Indian rupees over the previous two sessions as per regulatory and exchange data.

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage