Foreign portfolio investors inject Rs 3,346.94 crore into equity markets last week
The move was driven by optimistic sentiment following the Reserve Bank of India's (RBI) interest rate reduction.
Expectations of a monetary policy easing, coupled with hopes of healthy quarterly results and broadly positive global cues, buoyed the key Indian equity indices — NSE Nifty and BSE Sensex — during the morning trade session on Tuesday.
According to market observers, factors such as hopes of a lending rate cut by the Reserve Bank of India (RBI) in its next policy review meet on Wednesday enhanced investors risk taking appetite.
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At 10 a.m., the NSE Nifty inched-up by 10.85 points or 0.11 per cent to 10,087.95 points.
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The BSE Sensex stood at 32,537.31 points — up by 22.37 points, or 0.07 per cent.
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