Foreigners’ Return Propels Indian Stocks to New All-Time Highs

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Indian Stocks,Global Investors

(Bloomberg) -- Global investors have returned to Indian stocks, helping to propel the equity gauges to record highs. Most Read from BloombergMicrosoft Orders...

Microsoft Orders China Staff to Use iPhones for Work and Drop AndroidBiden’s Biggest Donors Left Powerless to Sway Him to End BidForeign buying on a net basis topped $4 billion since the start of June, more than making up for their sales in April and May, according to data compiled by Bloomberg. India saw the inflow as investors’ concerns about policy continuity — following Prime Minister Narendra Modi-led party’s surprisingly lackluster showing at the June 4 election — dissipated.

The allure of Indian stocks has also been boosted by an uneven economic recovery in China and growing concern over likely geopolitical risks from elections in Europe and the US. The Iranian frigate Sahand was photographed floating on its side as merchant vessels were docked nearby. State media said it was undergoing repairs.Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like...When Donald Trump squared off in a high-stakes debate in Atlanta last week, his wife Melania wasn’t there to offer the traditional post-debate smooch.

"Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said.Former President Trump has argued prosecutors at his recent hush money trial introduced evidence that is protected under the Supreme Court’s presidential immunity ruling, an assertion that could upend his conviction.

 

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Foreigners on Longest Buying Streak of Indian Stocks in a YearGlobal funds have been net buyers of Indian equities for 10 straight days, the longest run in nearly a year, as concerns about policy continuity after Prime Minister Narendra Modi’s upset at the election rapidly dissipated.
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