Overseas investment in stock markets crosses $9 bn

Last Updated: Thursday, September 17, 2009 - 13:24

New Delhi: Overseas investors have poured Rs
Rs 43,837 crore (USD 9.05 billion) into the country`s stock
markets so far this year, reflecting confidence of foreign
funds in the Indian equity markets.

At the close on Wednesday, overseas investors were gross
buyer of shares worth 4,17,121 crore and gross sellers of
stocks valued at Rs 3,73,283 crore, resulting in a net flow of
Rs 43,837 crore into the stock markets so far this year,
according to the data available with market regulator
Securities and Exchange Board of India (SEBI).

Significantly, the Bombay Stock Exchange benchmark Sensex
has gained nearly 73 percent so far this year.

The National Stock Exchange barometer Nifty -- composed
of 50 shares -- has also advanced fairly and for the first
time in more than a year it touched 5,000 level today.

Global fund houses made a net investment of Rs 3,564
crore so far in September, according to the SEBI data.

After pulling out a hefty Rs 52,986 crore (USD 11.9
billion) from the local stock markets, overseas investors are
now moving their money towards emerging economies like India.

However in debt market segment, overseas investors have
not turned net investor so far this year. As per the SEBI
data, FIIs were net sellers of debt instruments worth Rs 527
crore (USD 49 million) in 2009 so far.

Bureau Report

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First Published: Thursday, September 17, 2009 - 13:24

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