Overseas investment in stock markets crosses $9 bn
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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


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


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