Modi 3.0 continue to drive FII confidence ahead of Budget

Will Modi 3.0 continue to drive FII confidence ahead of Union Budget 2024? Union Budget 2024 is just a week away and foreign institutional investors (FIIs) have remained buoyant at Dalal Street since the formation of Modi 3.0. The buying interest of the overseas investors after the election outcome has lifted the headline indices to new highs ahead of the upcoming union budget on July 23. FIIs, which sold domestic equity shares worth more than Rs 34,250 crore in the first two months of the current financial year, have pumped nearly 47,300 crore in the Indian equity markets since June till July so far. Institutional investors are in no hurry to buy shares at lofty valuations after the recent run-up. Market participants in the Business Today Budget Survey believe that Indian stocks, despite being expensive, will attract overseas inflows on the back of growth outlook and every major or minor dip in the equity markets will be bought. However, others believe that overseas companies will also look at cheaper and attractive markets like China. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuYnVzaW5lc3N0b2RheS5pbiUyRnVuaW9uLWJ1ZGdldCUyRnN0b3J5JTJGd2lsbC1tb2RpLTMwLWNvbnRpbnVlLXRvLWRyaXZlLWZpaS1jb25maWRlbmNlLWFoZWFkLW9mLXVuaW9uLWJ1ZGdldC0yMDI0LTQzNzI5My0yMDI0LTA3LTE2) In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)