Overseas funds bought a net Rs 994 crore ($213 million) of Indian equities yesterday, taking their investments in stocks this year to Rs 77,410 crore, the nation’s market regulator said today.
Investors acquired Rs 2,870 crore of shares and sold Rs 1,880 crore, the Securities and Exchange Board of India said today. They placed a net Rs 8,160 crore in bonds.
Purchases by global investors have reached $16.6 billion this year, approaching the record $17.2 billion of net inflow into stocks in 2007. That’s fueled a 78 per cent advance in the benchmark Sensitive Index this year, with the index poised for the biggest annual gain in 18 years.
The funds bought a net Rs 6,900 crore of debt this year, compared with Rs 11,800 crore in 2008.
Overseas funds have placed $71.8 billion in Indian equities since they were allowed into the country in 1993.
They withdrew a record Rs 53,000 crore in 2008, triggering the biggest annual decline on record.
The regulator provides data on shares bought and sold by big investors, including trades in the primary and secondary markets, with a delay of at least a day.