NEW DELHI: Foreign investors poured in almost Rs 4,900 crore in the Indian stock market last week, primarily on hopes of a strong reformist government after elections.
The total investment by foreign institutional investors (FIIs) in equities so far in 2014 has risen to Rs 27,088 crore ($4.46 billion).
Market analysts say FIIs are bullish on India on expectations a strong reformist government would come to power after the Lok Sabha elections, scheduled from April 7 to May 12. Analysts are of the view that a positive bias towards the Indian equity market would continue in the coming weeks.