Foreign investors step up buying in Indian equities

Overseas investors have bought cash shares and index futures worth Rs 63.39 billion ($1.06 billion) in the three sessions from Friday to Tuesday.

Foreign investors bought cash shares worth Rs 45 billion ($752.76 million) and index futures worth Rs 18.4 billion in the previous three sessions.

The net purchases come at a time when shares have rallied to record highs on widespread expectations that the Bharatiya Janata Party and its allies would clinch a majority in elections results due to be unveiled on Friday.

(Reuters)