Overseas investors bought a net 8.13 billion rupees of Indian stocks yesterday, increasing their investment in the equities this year to 847.4 billion rupees, or $16.3 billion, according to the nation’s market regulator.
Foreigners bought 37.6 billion rupees of shares and sold 29.5 billion rupees, the Securities & Exchange Board of India said on its website today. They bought 192.6 billion rupees of stocks in September.
The BSE India Sensitive Index (SENSEX) has risen 23 percent this year, helped by the biggest overseas equity inflows among 10 Asian markets tracked by Bloomberg, which excludes China. Flows reached 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.
Overseas funds bought a net 351 million rupees of bonds, taking total flows into debt this year to 261.6 billion rupees, the data show.
Foreigners have invested 5.291 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.
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