Overseas investors poured in more than 11,000 crore rupees in the stock market this month so far enthused by reforms initiatives taken by the government to boost economic growth and investor sentiment.

As per data available with market regulator Sebi, during October 1-19, Foreign Institutional Investors' (FIIs) were gross buyers of shares worth 40,940 crore rupees, while they sold equities amounting to 29,826 crore rupees. This takes the FIIs investment in the country's equity market to 93,444 crore rupees so far this year.

Market experts believe that FIIs continued their bullish stance on the equity market on account of recent reform initiatives taken by the government and expect the inflows to continue in the coming months.