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BofA says foreign inflows to Indian stocks could sustain

Positive0

GreyOak summary

BofA Global Research predicts strong foreign inflows to Indian equities due to improving earnings and valuations. Overseas funds purchased a net $6 billion in shares recently, driving the Nifty 50 up nearly 14%. Factors like easing geopolitical tensions and lower crude prices support this positive outlook.

What it affects

  • FII flowsPositive 0

    Foreign funds bought net $6 billion in shares.Rolling sentiment Positive +24

Source

Read the original at Business Today

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