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Foreign Investors Buy Net 5.7 Billion Rupees of Indian Stocks

Overseas investors bought a net 5.7 billion rupees ($102.7 million) of Indian stocks yesterday, raising their investment in the equities this year to 547.4 billion rupees, according to the nation’s market regulator.

Foreigners bought 17.4 billion rupees of shares and sold 11.7 billion rupees, the Securities & Exchange Board of India said on its website today. They invested 102.7 billion rupees in stocks last month.

Foreign funds bought a net 4.77 billion rupees of bonds, taking total inflow into debt this year to 245.6 billion rupees, the data show.

India’s $1.1 trillion stock market, Asia’s fifth-biggest, is influenced by flows from overseas. Flows surged to a record in 2010, making the BSE India Sensitive Index (SENSEX) the best performer among the world’s top 10 markets. The largest-ever outflow in 2008 led to the biggest annual slump of 52 percent.

Foreigners have invested 4.991 trillion rupees in stocks and 1.453 trillion rupees in bonds since they were allowed into the country in 1993.

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.

To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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