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Global money is chasing Indian stocks again as bull run extends

Money ControlMoney Control · 1m
Global money is chasing Indian stocks again as bull run extends

Overseas funds are increasing their investments in Indian stocks, resulting in a strong return to the Indian market worth $5 trillion. Net foreign purchases in the current quarter are estimated to be the highest since 2023, standing at $8.5 billion. The return of these funds can be attributed to the confidence in policy continuity after Indian Prime Minister Narendra Modi secured another term in power, as well as India's strong corporate performance and favorable economic conditions. This surge in inflows is also indicative of investors' growing comfort with India's equity valuation, despite being relatively expensive compared to its emerging-market peers. Additionally, India's economic growth forecasts and stable currency make it an attractive investment opportunity for foreign investors.

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