Foreign investors buy Rs 5,050 cr worth of Indian shares in 4 days

FIIs provisionally bought Rs 25.6 billion worth of Indian shares on Tuesday.

Written by Reuters | Mumbai | Published: September 11, 2013 12:54:37 pm

Foreign institutional investors (FIIs) were net buyers of Indian shares for a fourth consecutive session on Tuesday.

FIIs provisionally bought Rs 2,560 crore worth of Indian shares on Tuesday,exchange data shows,and a total of Rs 5,050 crore rupees worth over the previous four sessions.

Indexes have rallied over the past four sessions,with the broader Nifty up nearly 10 per cent in that period,on hopes government will announce steps to boost the economy.

Speculation has centered on measures to attract foreign inflows,curb non-essential imports,and a potential hike in diesel prices that would help improve confidence about the government’s finances.

For all the latest Business News, download Indian Express App