Article by Hiral Vilas
Today, once again Stock Market has shown upward trend as both Sensex and Nifty gaining during fourth straight session and lead on the top.
Reason attributed by stock consultants is attributed to NRI investors being lured to Indian stocks and markets, with hopes of Indian economy booming again as it has a stable government in the centre, which can independently take bold financial decisions.
During the month of June itself, Overseas investors have pumped in nearly Rs 32,000 crore in Indian equities and debt. Upto June 29, they invested Rs 13,764 crore into equities, and Rs 18,188 crore in debt markets, summing up to Rs 31,952 crore.
With net investment of Rs 59,568 crore in Indian equities and Rs 64,307 crore in debt, taking the total to Rs 1.24 lakh crore.
