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Foreign investors step up buying of shares
May 14, 2014 / 5:18 AM / 4 years ago

Foreign investors step up buying of shares

Reuters Market Eye - 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.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai May 13, 2014. REUTERS/Danish Siddiqui

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.

($1 = 59.7800 rupees)

Reporting by Abhishek Vishnoi

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