Foreign Investors pour in Rs 1-lakh crore since Modi declared BJP PM candidate
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Foreign investors have pumped in over one lakh crore rupees in the Indian securities market since Narendra Modi was announced as the prime ministerial candidate by Bhartiya Janta Party in September last year.
Market analysts believe that FIIs have been betting on the Indian market mainly on hopes of a stable and reforms-oriented government. The inflows are expected to surge further as the verdict met overseas investors' expectations in the Lok Sabha Polls. FIIs, the main driver of the equity market, have helped pushed up the benchmark BSE Sensex by over 22 per cent since September 13.
In 2014 alone, FIIs have infused a net amount of over 74,000 crore rupees in the domestic market, which included more than 41,000 crore in equities and nearly 33,000 crore in the debt. (PTI)
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