<p>Foreign institutional investors (FII) were net sellers on every single day of the week, offloading equities worth $105.12 million on Monday, followed by $26.08 million, $83.38 million, $20.62 million and $94.29 million.<br /><br />Investors have been edgy since last few months with the markets being largely range-bound in the wake of stubbornly high inflation and moderating growth. <br /><br />The Reserve Bank of India's (RBI) hawkish stance and successive rate hikes has also kept traders cautious. The RBI had hiked the repo rate Thursday by 25 basis points -- the tenth hike in interest rates since March 2010.<br /><br />The resultant was a net loss for the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which slumped 2.18 percent or 398.01 points to 17,870.53 points during the weekly trade. <br /><br />At the National Stock Exchange the 50-scrip S&P CNX Nifty closed 2.17 percent lower on a weekly basis at 5,366.4 points.<br /><br />The Sensex had lost 116.36 points in the previous week.<br /><br />For the month, FIIs have been net buyers to the tune of $243.05 million, but were net sellers in May having sold off equities worth over $1.4 billion.<br /><br />For 2011, till June 17, FIIs had net sold stocks worth $382.4 million.</p>
<p>Foreign institutional investors (FII) were net sellers on every single day of the week, offloading equities worth $105.12 million on Monday, followed by $26.08 million, $83.38 million, $20.62 million and $94.29 million.<br /><br />Investors have been edgy since last few months with the markets being largely range-bound in the wake of stubbornly high inflation and moderating growth. <br /><br />The Reserve Bank of India's (RBI) hawkish stance and successive rate hikes has also kept traders cautious. The RBI had hiked the repo rate Thursday by 25 basis points -- the tenth hike in interest rates since March 2010.<br /><br />The resultant was a net loss for the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which slumped 2.18 percent or 398.01 points to 17,870.53 points during the weekly trade. <br /><br />At the National Stock Exchange the 50-scrip S&P CNX Nifty closed 2.17 percent lower on a weekly basis at 5,366.4 points.<br /><br />The Sensex had lost 116.36 points in the previous week.<br /><br />For the month, FIIs have been net buyers to the tune of $243.05 million, but were net sellers in May having sold off equities worth over $1.4 billion.<br /><br />For 2011, till June 17, FIIs had net sold stocks worth $382.4 million.</p>