September 11, 2013 / 4:53 AM / 4 years ago

MARKET EYE-Foreign investors continue to buy Indian shares

* Foreign institutional investors (FIIs) were net buyers of
Indian shares for a fourth consecutive session on Tuesday.
* FIIs provisionally bought 25.6 billion rupees worth of Indian
shares on Tuesday, exchange data shows, and a total of 50.5
billion rupees ($789.59 million) worth over the previous four
sessions.
* Indian indexes have rallied over the past four sessions, with
the broader NSE index up nearly 10 percent in that
period, on hopes government will announce steps to boost the
economy. 
* Speculation has centered on measures to attract foreign
inflows, curb non-essential imports, and a potential hike in
diesel prices that would help improve confidence about the
government's finances.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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