Foreigners Turn Bullish on India Stock Futures After Modi’s Wins
- Overseas funds long index futures first time since September
- Stocks have hit record highs after Modi’s recent victories
Stocks extended gains to fresh record highs this week, as the local election results are seen diminishing risk of political upheaval in national polls next year.
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Foreign investors have turned bullish on the outlook for Indian stocks, seeing further gains after victories in key state elections by Prime Minister Narendra Modi’s party helped drive the market to a $4 trillion valuation.