Reported about 1 year ago
Global funds have increased their investments in Indian equities for 10 consecutive days, the longest streak in almost a year, following relief over potential policy continuity post Prime Minister Narendra Modi's election victory. Foreign investors contributed to a net purchase of $3.4 billion in shares by June 21, offsetting earlier outflows of $4.8 billion after the election. The buying spree, combined with domestic investments, has reinforced India's already costly market, with the NSE Nifty 50 Index hitting a new high as investors welcomed the new government’s pledges for policy consistency in the rapidly growing economy.
Source: YAHOO