Overseas investors sold a net 2.18 billion rupees ($48.2 million) of Indian shares yesterday, reducing this year’s record flows to 1.29 trillion rupees, the Securities & Exchange Board of India said. Investors bought 40.95 billion rupees of shares and sold 43.14 billion rupees, data from the market regulator showed. They purchased a net 396 million rupees of bonds, taking total debt purchases this year to 466.1 billion rupees. Overseas investments pushed the benchmark Sensitive Index to a record earlier this month and spurred a 2.7 percent jump in the rupee since Jan. 1. Stock purchases this year include 351 billion rupees from the primary market. Foreign investors have placed 4.44 trillion rupees in equities and 788.7 billion rupees in bonds since they were allowed into the country in 1993, today’s report showed. The previous record was in 2009 when flows reached 834.2 billion rupees, sparking the biggest rally in 18 years. Funds withdrew a record 530 billion rupees from stocks in 2008, setting off the worst annual slump. 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. To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net

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