Overseas investors bought a net 1.69 billion rupees ($30.2 million) of Indian stocks yesterday, their 21st consecutive day of purchases, according to data from the market regulator.
Foreigners bought 20.1 billion rupees of shares and sold 18.4 billion rupees, the Securities & Exchange Board of India said on its website today. They have invested a total $11.8 billion in local equities this year.
The benchmark BSE India Sensitive Index (SENSEX) has increased 13 percent this year, helped by the biggest overseas equity flows among 10 Asian markets tracked by Bloomberg. Flows 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 to the biggest annual slump of 52 percent.
Offshore funds sold a net 4.18 million rupees of bonds yesterday, paring their inflow into debt this year to 255.3 billion rupees, the data show.
Foreigners have invested 5.045 trillion rupees in stocks and 1.463 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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