Indian equities attracted the biggest foreign investment in seven years in March, receiving a major chunk of inflows into Asia.
Overseas investors bought $4.96 billion worth of Asian shares in March, data from stock exchanges in South Korea, Taiwan, India, Thailand, the Philippines, Indonesian and Vietnam show, of which Indian stock markets received $4.89 billion, the largest since February 2012. South Korean markets witnessed inflows of $262 million, while Indonesia, Thailand, Vietnam and Philippines received about $100 million or less.
On the back of solid flows, India’s Bombay Stock Exchange and National Stock Exchange indices gained close to 7.7% in March, the highest among emerging markets.
