Reported 7 months ago
Overseas investors have started buying Indian stocks, with $985.5 million worth of purchases on Friday and Monday, helping the equity benchmark reach a record. The return of global money signals a growing comfort with the nation's market valuations, following Prime Minister Modi's re-election and continued pursuit of reforms. While some outflows still persist, BlackRock Inc.'s launch of an Indian Equity ETF in Japan reflects the rising demand for Indian equities.
Source: YAHOO