Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Overseas Investors Sell Net 7 Billion Rupees of Indian Stocks

May 5 (Bloomberg) -- Overseas investors sold a net 7 billion rupees ($157 million) of Indian stocks yesterday, paring their investments in equities this year to 25.8 billion rupees, the nation’s market regulator said.

Foreigners purchased 24.5 billion rupees of shares and sold 31.5 billion rupees, the Securities and Exchange Board of India said today. They bought 9.48 billion rupees of bonds, bringing total debt purchases this year to 135.5 billion rupees.

Foreign funds bought a record 1.33 trillion rupees of shares in 2010, helping fuel a 17 percent rally in the Bombay Stock Exchange Sensitive Index, the best performer among the world’s 10 biggest equity markets last year. The Sensex has fallen 11 percent this year.

The previous record was in 2009 when flows reached 834.2 billion rupees, sparking the biggest advance in 18 years. Funds withdrew a record 530 billion rupees from stocks in 2008, setting off the worst annual slump. Foreign funds have placed 4.497 trillion rupees in equities and 922.2 billion 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.