This rally is real: Investors want to give a new government a chance

The Indian equity markets are on a roll. The Nifty index is up about eight per cent in local currency and 11 per cent in dollar terms. India is the second best-performing market in Asia, after Indonesia, and one of the best emerging markets overall. We have received inflows of about $4 billion from foreign institutional investors (FIIs) in the first quarter of 2014, of which $2.5 billion have come in the last two weeks of the quarter.

Read Full Story>>