Overseas investors bought Indian shares worth Rs42.87 bn

Overseas investors bought Indian shares worth Rs42.87 bn
Comment E-mail Print Share
First Published: Tue, Feb 27 2007. 11 31 AM IST
Updated: Tue, Feb 27 2007. 11 31 AM IST
By Paresh Jatakia
Mumbai: Overseas investors bought a net Rs42.87 billion worth of Indian shares on 23 February, the Securities & Exchange Board of India said.
The investments on 23 February, includes Rs34.31 billion worth of stock purchased by “new sub-accounts” between 1 January to 23 February, the market regulator said on its Web site.
Overseas funds bought Rs70.11 billion of stocks and sold Rs27.24 billion. They bought a net Rs425 million of bonds, the regulator said.
Overseas funds bought a net $1.96 billion (Rs8,663 crore) in stocks and $335.7 million of bonds this year. They invested a net $8.94 billion in stocks and bonds in 2006, compared with a record $9.46 billion in 2005. Overseas investors have placed a net $61.82 billion in Indian stocks and bonds since they were allowed to invest in 1993.
Local mutual funds bought a net Rs372.1 million of shares and sold Rs744.4 million of bonds on 23 February.
Mutual funds bought a net Rs98.41 billion of stocks and Rs465.21 billion of bonds in the fiscal year started 1 April, compared with Rs143.02 billion of stocks and Rs368.01 billion of bonds in the year ended 31 March 2006.
The regulator provides data on shares bought and sold by large investors with a delay of a day, which includes trades done in the secondary and primary markets.
Comment E-mail Print Share
First Published: Tue, Feb 27 2007. 11 31 AM IST
More Topics: Money Matters | Equities |