FIIs are getting attracted to Indian stocks once again as a key index tracked by passive funds is transiting. Has the tide turned with migration from bonds to equities worldwide?
The unsettling winter of the West seems to be a no botheration for equity markets in India as a clutch of stocks is waiting for a pot of hot foreign money with changes in composition of one key index and benchmarking of a US pension fund. The enthusiasm is understandable and market investors are already frolicking. The valuation of all companies listed on the BSE hit $4 trillion for the first time ever while the 50-share index Nifty hit the 20,000-mark once again.