Foreign investors step up buying of shares

Overseas investors have bought cash shares and index futures worth 63.39 billion rupees ($1.06 billion) in the three sessions from Friday to Tuesday.

Foreign investors bought cash shares worth 45 billion rupees ($752.76 million) and index futures worth 18.4 billion rupees in the previous three sessions.

The net purchases come at a time when shares have rallied to record highs on widespread expectations that the opposition party BJP and its allies would clinch a majority in elections results due to be unveiled on Friday.

EDITORIAL OF THE DAY

  • Allow 100 per cent FDI in asset reconstruction companies

    The asset reconstruction business is 13 years old and still struggling like a toddler.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Rajgopal Nidamboor

From complexity to prudent adaptability

It is a travesty that a host of new, strikingly ...

Dharmendra Khandal

Creepy, you say? That’s merely ophidiphobia

Snakes are the earliest predators in the life of the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture