Offshore investors bought a net 415 million rupees ($7.6 million) of Indian stocks yesterday, taking total investment in equities this year to 432.6 billion rupees, according to the nation’s market regulator.
Foreigners bought 23 billion rupees of shares and sold 22.6 billion rupees, the Securities & Exchange Board of India said on its website today.
They sold a net 1.52 billion rupees of bonds, paring their inflow into debt this year to 170.9 billion rupees, according to the data. They put 421 billion rupees in bonds in 2011.
Overseas funds have invested 4.876 trillion rupees into equities and 1.378 trillion rupees in bonds since they were allowed into the country in 1993.
India’s $1.1 trillion stock market, Asia’s fifth-biggest, is influenced by flows from overseas. Flows from abroad surged to a record in 2010, making the BSE India Sensitive Index (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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