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Bloomberg Quint

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Image Credit: Bloomberg Quint

Foreign Buying Of Indian Shares Accelerates On Recovery Bets

  • Foreign investors are accelerating their purchases of Indian equities on hopes of continued recovery ahead of the upcoming earnings season, while also benefiting from lower valuations following a recent selloff.
  • Global funds purchased $2.6 billion of Indian shares on a net basis in the week through March 27, their biggest inflow since early December.
  • The benchmark NSE Nifty 50 Index is still about 10% off its previous peak levels seen in September, though it advanced in March for its first gain in the past six months.
  • Foreign investors have been buying shares in India, betting on signs of an economic rebound and expecting a recovery in the equity market.

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