Bloomberg News

Foreign Investors Buy Net 1.34 Billion Rupees of Indian Stocks

April 09, 2012

Overseas investors bought a net 1.34 billion rupees ($26 million) of Indian stocks on April 4, raising their investments into equities this year to 457.5 billion rupees, according to the nation’s market regulator.

Foreigners bought 14.1 billion rupees of shares and sold 12.8 billion rupees, the Securities & Exchange Board of India said on its website today. Indian stock exchanges were closed on April 5 and 6 for public holidays.

Overseas funds bought a net 2.45 billion rupees of bonds, taking total flows into debt this year to 186 billion rupees, the data show. They put 421 billion rupees in bonds in 2011.

Foreigners have invested 4.901 trillion rupees in stocks and 1.393 trillion rupees in bonds since they were allowed into the country in 1993.

India’s $1.2 trillion stock market, Asia’s fifth-biggest, is influenced by flows from overseas. Flows from abroad 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.

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


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