Foreign investors sold a net 471 million rupees of Indian equities yesterday, reducing their investment in the nation’s stocks this year to 628.8 billion rupees ($12 billion), according to the market regulator.
Offshore funds bought 16.6 billion rupees of shares and sold 17.1 billion rupees, the Securities & Exchange Board of India said on its website today. They purchased a net 106.1 billion rupees of stocks last month.
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 the biggest annual slump of 52 percent.
Offshore funds bought a net 3.43 billion rupees of bonds yesterday, taking total inflow into debt this year to 247.2 billion rupees, the data show.
Foreigners have invested 5.073 trillion rupees in stocks and 1.455 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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