By: Paresh Jatakia
Source: http://www.businessweek.com
Category: Foreign Investment In India
Overseas investors bought a net 7.3 billion rupees of Indian stocks yesterday, raising their investment in the equities this year to 644.1 billion rupees, or $12.5 billion, according to the nation’s market regulator.
Foreigners bought 20.3 billion rupees of shares and sold 13 billion rupees, the Securities & Exchange Board of India said on its website today. They sold a net 1.62 billion rupees of bonds, reducing their inflow into debt this year to 229.9 billion rupees, the data show.
The benchmark BSE India Sensitive Index (SENSEX) has increased 15 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.
Foreigners have invested 5.088 trillion rupees in stocks and 1.437 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.
Source: http://www.businessweek.com/news/2012-09-11/foreign-investors-buy-net-7-dot-3-billion-rupees-of-indian-stocks
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