INSUBCONTINENT EXCLUSIVE:
Indian stocks zoomed to a 6-month high on Tuesday as hopes swirled that Prime Minister Narendra Modi will come back to power after the
upcoming general elections.
Foreign investors ramped up buying amid strong global cues
Sentiment took on more shine with the rupee breaking new ground
BSE's Sensex rallied a whopping 424 points, or 1.41 per cent, to 37,478 as of 11.30 am today
NSE Nifty surged 125 points, or 1.12 per cent, to 11,293.
The BSE barometer added nearly 2 per cent last month
Here are the top factors that are keeping the bulls supercharged today
Rupee breaks free: The rupee vaulted to a two-month high, extending its 4-day rally, after the US dollar weakened
Overall risk appetite improved amid a stable equity market
The local currency appreciated by 28 paise to 68.60 against the greenback in line with a strong rally in domestic equities
upbeat: Foreign institutional investors have already poured in Rs 19,705 crore so far in 2019
This came after an outflow of Rs 32,627 crore last year
The investors bought Rs 3,810.60 crore worth of domestic stocks on Monday, data available with the NSE suggested
Analysts are equally bullish
