Indian stock purchases by foreign funds in 2011 could exceed this year , foreign inflows have risen to a record 1.3 trillion rupees

Indian stock purchases by foreign funds in 2011 could exceed this year's entries as the nation's record of economic expansion and strong corporate profits attract investors, according to local socio Ageas, the insurer groups the remains of Fortis.

"The stage is set for it," said Aneesh Srivastava, who manages about $ 352 million in assets as chief investment officer at Mumbai-based head of IDBI Federal Life Insurance Co., in an interview today. "The money chasing growth. Returns on foreign economies are small and have no other choice but to seek out growth opportunities."

foreign inflows into shares in India have risen to a record 1.3 trillion rupees ($ 28,800,000,000) this year, according to the website of the Securities and Exchange Board of India, driving the benchmark Bombay Stock Exchange Sensitive Index, or Sensex, 15 percent in 2010, mostly in key rates by 10 largest stock markets in the world. "We are greatly underestimating the appetite and the desire of foreign investors to buy assets in India."

Srivastava, 41, predicts $ 1,300,000,000,000 India's economy growing at 8.5 percent for the year to March 2012, accompanied by an expansion of 20 percent of corporate profits. Gross domestic product grew 8.9 percent for a second consecutive quarter in the three months to September, maintaining the fastest pace among major economies in the world after China.

'Oil shock absorber "

Srivastava is a "high probability" that the Sensex will reach 23,000 in March 2012, up 14 percent from today, and is "optimistic" about banking and oil and gas.

"On average, our tendency will be building portfolios of banks and oil and gas reserves," he said.

Rising oil prices are the biggest risk to the markets, said Srivastava. India, which imports over 75 percent of its crude oil needs are expected to represent 15 percent of the worldwide increase in energy demand by 2030, according to the International Energy Agency.

"Oil is a shock. There is a severe winter in Europe, which is pushing up fuel demand, pushing prices higher," he said. If crude oil continues to rise, economies like India could suffer the securities markets and accurate as possible. "

Thousands of airline passengers and trains were abandoned throughout Europe during a storm system that produced the worst Britain's early snowfall in 17 years this week.

Crude oil in New York market reached $ 90.76 a barrel on 7 December, the highest since 2008. Oil has gained 13 percent this year.

Credit Expansion

A surge in demand from businesses and government spending will increase lending during the next 12 to 15 months, said Srivastava. Estimated that credit growth of 22 percent for Indian lenders in the financial year 2012.

"The best way to broach the subject of banking is through private sector banks, large and clean," Srivastava said, because they tend to do better in an environment of rising interest rates. He refused to comment on specific populations.

Srivastava is also investing in shares of oil companies on expectations of changes in government policy can allow fuel prices driven by the market. India liberalized gasoline prices in June State control, while setting the charges for fuel, including diesel. The national government decides on a policy of gas prices over the next six to eight months, oil secretary S. Sundareshan said on 30 October.