Foreign Investors Buy Net 2.32 Billion Rupees of Indian Stocks

Overseas investors bought a net 2.32 billion rupees of Indian stocks on Oct. 1, increasing their investment in the equities this year to 839.2 billion rupees, or $16.2 billion, according to the nation’s market regulator.

Foreigners bought 21 billion rupees of shares and sold 18.7 billion rupees, the Securities & Exchange Board of India said on its website today. They bought 192.6 billion rupees of stocks in September.

Overseas Funds bought a net 3.78 billion rupees of bonds, taking total flow into debt this year to 261.2 billion rupees, the data show.

The benchmark BSE India Sensitive Index (SENSEX) has increased 22 percent this year, helped by the biggest overseas equity flows among 10 Asian markets tracked by Bloomberg. Flows surged to a record in 2010, making the Sensex the best performer among the world’s top 10 markets. The largest-ever outflow in 2008 led the biggest annual slump of 52 percent.

Foreigners have invested 5.283 trillion rupees in stocks and 1.469 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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.