Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, foreign portfolio investors have increased their ownership of sovereign bonds by over $10 billion. The influx of funds is expected to continue as India’s index weightage grows.
Concurrent Gainers: ICICI Bank among 9 stocks that gained for 5 days in a row
In the five trading sessions leading up to September 20, the Sensex rose approximately 2%, closing at 84,544, with gains noted in four sessions. In