Foreign funds in stocks crosses $9b

Foreign funds in stocks crosses $9b

Indian market is attractive again

At the close on Wednesday, overseas investors were gross buyer of shares worth Rs 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 (SebiI).

Significantly, the Bombay Stock Exchange benchmark Sensex has gained nearly 73 per cent so far this year.  The National Stock Exchange barometer Nifty has also advanced fairly and for the first time in more than a year it touched 5,000 level on Thursday.

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 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 in 2009 so far.

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