Foreign Investors Buy Net 6.31 Billion Rupees of Indian Stocks

Overseas investors bought a net 6.31 billion rupees of Indian stocks yesterday, raising their investment in the equities this year to 823.3 billion rupees, or $15.9 billion, according to the nation’s market regulator.

Foreigners bought 55.1 billion rupees of shares and sold 48.8 billion rupees, the Securities & Exchange Board of India said on its website today. They bought a net 1.09 billion rupees of bonds, taking total inflow into debt this year to 251.4 billion rupees, the data show.

The benchmark BSE India Sensitive Index has increased 21.4 percent this year, helped by the biggest overseas equity flows among 10 Asian markets tracked by Bloomberg, excluding China. Funds bought shares worth $3.6 billion this month, the highest inflows since February, amid a burst of policy announcements aimed at reviving an economy growing at near its slowest pace in three years.

Foreigners have invested 5.267 trillion rupees in stocks and 1.459 trillion rupees in bonds since they were allowed into the country in 1993. 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.

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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