Foreign Investors Step Up Buying of Shares

Overseas investors have bought cash shares and index futures worth Rs 6,339 crore ($1.06 billion) in the three sessions from Friday to Tuesday.

Foreign investors bought cash shares worth 45 billion rupees ($752.76 million) and index futures worth 1,840 crore in the previous three sessions.

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

($1 = Rs 59.7800)