Bloomberg News

Foreign Investors Buy Net 1.68 Billion Rupees of Indian Stocks

August 06, 2012

Overseas investors bought a net 1.68 billion rupees ($30 million) of Indian stocks on Aug. 3, raising total investment in equities this year to 541.7 billion rupees, according to the nation’s market regulator.

Foreigners bought 15.1 billion rupees of shares and sold 13.4 billion rupees, the Securities & Exchange Board of India said on its website today. They invested 102.7 billion rupees in stocks last month.

They purchased a net 394 million rupees of bonds, taking total inflows into debt this year to 240.9 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 benchmark BSE India Sensitive Index (SENSEX) the best performer among the world’s top 10 markets that year. The largest-ever outflow in 2008 led the biggest annual slump of 52 percent.

Foreigners have invested 4.986 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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