Foreign investors step up buying of shares

Mumbai: Overseas investors have bought cash shares and index futures worth 63.39 billion rupees ($1.06 billion) in the three sessions from Friday to Tuesday. Foreign investors bought cash shares worth 45 billion rupees ($752.76 million) and index futures worth 18.4 billion rupees in the previous three sessions.

The net purchases come at a time when shares have rallied to record highs on widespread expectations that the opposition party BJP and its allies would clinch a majority in elections results due to be unveiled on Friday.