Global money is chasing Indian stocks again as bull run extends

Net foreign purchases this quarter, totaling $8.5 billion, are set to be the highest since mid-2023, according to Bloomberg data. Investor confidence has been bolstered by policy continuity after Prime Minister Narendra Modi's third-term victory and India’s increased weighting over China in some global indexes. The outlook for inflows appears strong, particularly with the Federal Reserve beginning to cut interest rates.