Foreign inflows send Indian stocks to new highs as investors shift to emerging markets ...News

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Foreign inflows send Indian stocks to new highs as investors shift to emerging markets
Indian stock markets have seen an unprecedented surge, as foreign investors have provided mind-blowing inflows of around $14 billion into the country’s equities over the past two months. Low interest rates in the US, along with the weak dollar, have reportedly sent big capital towards emerging markets such as India, which are expected to provide relatively higher returns. “The rally was propelled by strong FII [foreign institutional investor] inflows, a good corporate earnings season, and trends from the festive season, which suggests that the demand recovery continues,” brokerage firm Motilal Oswal said in a report seen by business ne

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