INSUBCONTINENT EXCLUSIVE:
By Nupur Acharya and Abhishek VishnoiThe biggest quarterly foreign inflow in six years
About $370 billion in value gained
emerging market rose 0.5 per cent on Tuesday, closing above the 38,896.63 level that was required to make the milestone official
India is the first among markets valued at more than a $1 trillion to hit a peak this year.
After languishing in their worst run of losses
Worries over rising oil prices, election uncertainty and tensions over Kashmir have faded
Instead, expectations that Prime Minister Narendra Modi will get re-elected, bets that company profits will recover and a dovish shift in
central-bank policy in both the US and India have made investors turn positive.
The icing on the cake was bullish views from strategists at
Last week, BNP Paribas SA analyst Manishi Raychaudhuri upgraded Indian stocks to overweight, citing stability in corporate-profit growth and
stocks will rally in the lead-up to the vote and raised equities to the equivalent of a buy rating.
There are certainly more events for
research at BNP Paribas Asset Management Co in Mumbai.
Foreign MoneyForeign inflows have seen a resurgence as global funds purchased a net
$8.4 billion of Indian shares in the first three months of the year
That puts the country on track for the biggest annual flood of overseas capital since 2014, when Modi first became prime minister and the SP
note.
Taking CoverFor the past three weeks, both the stock market and a gauge tracking its volatility rose in tandem, a rare occurrence that
indicates signs of hedging
The NSE Nifty 50 Index and India VIX Index, which tend to go opposite ways, have moved in the same direction five weeks already this year,
Anand Rathi Share Stock Brokers
