Overseas investors snap 10-day buying streak in Indian shares

Mon Dec 16, 2013 9:30am IST

A broker monitors share prices while trading at a brokerage firm in Mumbai August 22, 2013. REUTERS/Danish Siddiqui/Files

A broker monitors share prices while trading at a brokerage firm in Mumbai August 22, 2013.

Credit: Reuters/Danish Siddiqui/Files

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Reuters Market Eye - Foreign institutional investors (FIIs) sold Indian shares worth 4.32 billion rupees on Friday, to snap their 10-day buying streak, exchange and regulatory data shows.

FIIs also sold index futures worth 9.02 billion rupees and stock futures worth 6.76 billion rupees on Friday, exchange data shows.

The selling is sparking fears that stocks may extend last week's decline if foreign liquidity support weakens, especially as the market turns cautious ahead of the central bank's policy review and the U.S. Federal Reserve meet later this week.

(Reporting by Abhishek Vishnoi)

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