Mumbai: Overseas investors bought a net Rs1.48 billion ($32.9 million, Dh123.3 million) of Indian equities yesterday, increasing their total purchases of stocks this year to Rs278.2 billion, according to the nation's market regulator.
Investors purchased Rs25.5 billion of shares and sold Rs24 billion, the Securities and Exchange Board of India said yesterday. They sold a net Rs2.72 billion of bonds, reducing their debt purchases this year to Rs252.1 billion.
Inflows from overseas reached a record Rs834.2 billion in 2009, exceeding the high set two years earlier in domestic currency terms, as the biggest rally in 18 years lured foreign funds.
2008 sale
They sold a record Rs529.9 billion of shares in 2008, triggering a record annual decline.
Overseas funds have invested Rs3.42 trillion in stocks and Rs574.7 billion 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.
