Foreign Investors Buy Net 12.1 Billion Rupees of Indian Stocks

Overseas investors bought a net 12.1 billion rupees ($217.6 million) of Indian stocks yesterday, raising their investment in the equities this year to 522.7 billion rupees, according to the nation’s market regulator.

Foreigners bought 26.8 billion rupees of shares and sold 14.7 billion rupees, the Securities & Exchange Board of India said on its website today. They’ve invested 102.7 billion rupees in stocks this month.

Foreign funds bought a net 1.25 billion rupees of bonds, taking total inflow into debt this year to 242.5 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 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 4.967 trillion rupees in stocks and 1.450 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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