Overseas investors bought a net 1.37 billion rupees of Indian stocks yesterday, raising their investment in the equities this year to 631.7 billion rupees, or $12.3 billion, according to the nation’s market regulator.
Foreigners bought 17.7 billion rupees of shares and sold 16.3 billion rupees, the Securities & Exchange Board of India said on its website today. They purchased a net 106.1 billion rupees of stocks last month.
Offshore funds sold a net 9.01 billion rupees of bonds yesterday, reducing their inflow into debt this year to 229.8 billion rupees, the data show.
The benchmark BSE India Sensitive Index has increased 14 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 to the biggest annual slump of 52 percent.
Foreigners have invested 5.076 trillion rupees in stocks and 1.437 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.