Foreign buying in Indian shares crosses Rs 1 lakh crore mark in 2013

Overseas investors were buyers of Rs 1,151 crore worth of Indian shares on Thursday, taking total inflows for the year to over 1 trillion rupees, or Rs 1 lakh crore, regulatory and exchange data show.

Foreign institutional investor (FII) flows have earlier crossed the 1 trillion-rupee mark in 2012 and 2010.

They have made net purchases of around $18 billion so far this year, making India the number one recipient of overseas stock investment in emerging Asia, Deutsche Bank figures show.

November 2013 was the third consecutive month of net FII inflows, as FIIs invested $1.3 billion, or over Rs 8000 crore. FIIs were sellers of Rs 23,036 crore in June to August period, regulatory data shows.

Analysts say the continuance of foreign flows depends on the prospects of U.S. Federal Reserve tapering its bond-buying programme and fate of India's main opposition party in the upcoming general elections, due by May.

Copyright@Thmoson Reuters 2013