Overseas investors bought a net 3.97 billion rupees ($71.9 million) of Indian stocks yesterday, raising total investment in equities this year to 590.1 billion rupees, according to the nation’s market regulator.
Foreigners bought 24.7 billion rupees of shares and sold 20.7 billion rupees, the Securities & Exchange Board of India said on its website today. They invested 102.7 billion rupees in stocks last month.
Foreign funds bought a net 2.44 billion rupees of bonds, taking total inflow into debt this year to 253 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 5.034 trillion rupees in stocks and 1.46 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.
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