Facebook’s Zuckerberg to Sell 41.35 Million Shares in Offering
Overseas Funds Extend Record Purchase of Indian Stocks This Year
Overseas investors purchased a net 11.9 billion rupees ($258.6 million) of Indian shares yesterday, taking this year’s record inflows to 1.324 trillion rupees, the Securities & Exchange Board of India said.
Investors bought 53.8 billion rupees of shares and sold 41.9 billion rupees, data from the market regulator showed. They sold a net 6.39 billion rupees of bonds, reducing their debt purchases this year to 446 billion rupees. Stock purchases this year include 382 billion rupees from the primary market.
Foreign investors have placed 4.462 trillion rupees in equities and 768.6 billion rupees in bonds since they were allowed into the country in 1993, today’s report showed. The previous record was in 2009 when flows reached 834.2 billion rupees, sparking the biggest rally in 18 years. Funds withdrew a record 530 billion rupees from stocks in 2008, setting off the worst annual slump.
The regulator provides data on shares bought and sold by large investors, including trades in the primary and secondary markets, with a delay of at least a day.
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