Global investors, bullish on Modi, buy Indian stocks

Overseas investors bought a net $8.57 billion in Indian shares and bonds in March

Corinne Abrams & Debiprasad Nayak | WSJ  |  Mumbai 

Indian stocks reached a new high Monday, powered by foreign funds optimistic the country’s prime minister, Narendra Modi, will use his growing popularity to accelerate the pace of change and keep Asia’s third-largest economy expanding as much of the world struggles with slowdowns and uncertainty about how U.S. President Donald Trump’s policies will affect trade. India’s bellwether S&P BSE Sensex broke a two-year-old closing record Monday as it rose to end trading at 29,910.22. India has outperformed most developed and emerging markets this year. The ...

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Global investors, bullish on Modi, buy Indian stocks

Overseas investors bought a net $8.57 billion in Indian shares and bonds in March

Overseas investors bought a net $8.57 billion in Indian shares and bonds in March Indian stocks reached a new high Monday, powered by foreign funds optimistic the country’s prime minister, Narendra Modi, will use his growing popularity to accelerate the pace of change and keep Asia’s third-largest economy expanding as much of the world struggles with slowdowns and uncertainty about how U.S. President Donald Trump’s policies will affect trade. India’s bellwether S&P BSE Sensex broke a two-year-old closing record Monday as it rose to end trading at 29,910.22. India has outperformed most developed and emerging markets this year. The ... image
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