FIIs sell equity worth Rs 960.50 crores on Thursday

Mumbai, Apr 17 (UNI) Foreign Institutional Investors(FIIs) were big sellers on Thursday (April 13) by Rs 960.50 crores taking the total foreign fund outflow from the equity markets to Rs 2,544.10 crore in the last four trading sessions (April 7 to April 13).

However, the 302 point rally in the equity markets today may reverse the trend when the SEBI releases today's FIIs trend tomorrow.

Securities and Exchange Board of India's(SEBI) latest data for Thursday's equity trade showed a huge outflow of Rs 960.50 crore or USD 215.90 million from the stock markets as the stock markets corrected to a low of 11,237 on Thursday.

But the huge selling by the FIIs will definetly lead to a cautious opening of the stock markets tomorrow.

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