Foreign investors step up buying of Indian shares, net purchases at $752.76 mn in 3 sessions

May 14 2014, 10:26 IST
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Foreign investors bought Indian cash shares worth Rs 45 bn and index futures worth Rs 18.4 bn in previous three sessions. Foreign investors bought Indian cash shares worth Rs 45 bn and index futures worth Rs 18.4 bn in previous three sessions.
SummaryShares have rallied to record highs on expectations BJP and allies would clinch majority in elections.

Overseas investors have bought Indian cash shares and index futures worth Rs 63.39 billion ($1.06 billion) in the three sessions from Friday to Tuesday.

Foreign investors bought Indian cash shares worth 45 billion rupees ($752.76 million) and index futures worth 18.4 billion rupees in the previous three sessions.

The net purchases come at a time when shares have rallied to record highs on widespread expectations that the Narendra Modi-led opposition party BJP and its allies would clinch a majority in Lok Sabha elections results due to be unveiled on Friday.

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