Foreign investors buy Rs 5,050 cr worth of Indian shares in 4 days

Reuters Posted online: Wednesday, Sep 11, 2013 at 0000 hrs
Mumbai : Foreign institutional investors (FIIs) were net buyers of Indian shares for a fourth consecutive session on Tuesday.

FIIs provisionally bought Rs 2,560 crore worth of Indian shares on Tuesday, exchange data shows, and a total of Rs 5,050 crore rupees worth over the previous four sessions.

Indexes have rallied over the past four sessions, with the broader Nifty up nearly 10 per cent in that period, on hopes government will announce steps to boost the economy.

Speculation has centered on measures to attract foreign inflows, curb non-essential imports, and a potential hike in diesel prices that would help improve confidence about the government's finances.