Shares were also buoyed by positive global sentiment on hopes major central banks will ease monetary policy further or continue to keep it loose for long.
India has taken several measures to ease restrictions for foreign investors in domestic debt markets. They still feel it's not enough. Here's why
It feels govt may find it challenging to meet the revenue projections.
Domestic and external environment still remain "challenging".
It doesn't point out weakness that is being reported.
India taxes these investors higher and is excessively cautious towards derivatives.
HSBC cut its GDP forecast for the year ending in March to 5.2 per cent from 5.7 per cent, and its forecast for the next fiscal year to 6.2 per cent from 6.9 per cent, according to a report released on Thursday.
India's sovereign rating could be cut if the government loosens fiscal policy in the run-up to elections, says Fitch.
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