Bloomberg News

Foreign Investors Sell Net 9.3 Billion Rupees of Indian Stocks

July 27, 2012

Overseas investors sold a net 9.3 billion rupees ($166.3 million) of Indian stocks yesterday, paring their investment in equities this year to 504.2 billion rupees, according to the nation’s market regulator.

Foreigners bought 28.2 billion rupees of shares and sold 37.5 billion rupees, the Securities & Exchange Board of India said on its website today. Funds based abroad bought a net 2.13 billion rupees of bonds, taking total inflow into debt this year to 240.5 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 (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.

Foreigners have invested 4.948 trillion rupees in stocks and 1.448 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.

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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