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MARKET EYE-Foreign investors continue to buy Indian shares
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
* 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
* 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.

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