Kanpur Stock：Global funds returned to the Indian stock market, flowing in two days nearly 1 billion US dollars

After the Indian stock market fell last week, it began to climb again.

According to foreign media data, overseas investors purchased a total of $ 985.5 million in Indian stocks worth 985.5 million US dollars on June 7th and 10th.The big pit also set a record high on Monday.

International hot money has begun to favor the Indian stock market, indicating that they continue to be optimistic about the reform of Indian Prime Minister Modi in the United Government.

After the seats obtained in Modi's Indian People's Party (BJP) in the election last week were less than expected, the Indian stock market experienced the worst day in more than four years, and the Sensex 30 index fell 8%in one day.However, with the establishment of the government with the Allies and the Allied Party, it ensured that his third term, the Indian stock market attracted a lot of funds and rebounded continuously.

According to EPFR global data, as of the week of June 5, after Modi successfully formed the co -government, about 1.2 billion US dollars had flowed into the Indian stock market through ETFs and common funds, such as Ishares MSCI India ETF and Wisdomtree India Income Fund.

Gary Dugan, the chief investment officer of Global CIO Office, pointed out: "Modi will not waste the reform progress made in the past eight years. Next, he can continue to maintain the populist policy for a period of time. Although the Indian stock market has a high valuation, weIt is expected that the Indian stock market will remain toughKanpur Stock. "Pune Investment

More importantly, Modi can still allow most of his intimate consultants to continue to hold key positions such as finance, business and foreign affairs when forming the cabinet.This shows that the Indian People's Party is still in control in the new joint government.

This is good news for the continuity of Modi policy and investors in fiscal and infrastructure reform.