FIIs on year-end selling spree

Retail investors are now emerging as important players in the equity markets, supporting BSE sensex to remain in the range of 19,000 to 20,000 points, despite foreign institutional investors (FIIs) preferring to sell out. In the last four trading sessions since December 17, FIIs have sold equity worth $1.28 billion (Rs 5,156 crore). But the sensitive index fell by just 441 points during this period to close at 19,162 on Friday as retail investors lent support.

The Economic Times
http://economictimes.indiatimes.com/FIIs_on_year-end_selling_spree/
articleshow/2651260.cms