Foreign investors have pumped in over Rs 1 lakh crore in the Indian securities market since Narendra Modi was announced as the prime ministerial candidate by Bhartiya Janta Party (BJP) in September last year.
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
Indian market has been plagued by negative sentiment and triggers
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
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