Sensex tops 84,000 as foreign money returns to Indian equities
A cocktail of cooling inflation, a steady rupee and the earliest monsoon in a decade has pulled global funds back to Mumbai. Analysts caution that the rally is broad but thin.
Foreign funds are back in Mumbai as inflation cools and the rupee steadies.
In Mumbai, the change was felt first by the people who track it for a living. For now, the people closest to it are reserving judgement.
The story, as ever, is in the distribution: who gains, who waits, and how long the advantage lasts once the initial momentum fades. That is the question this week leaves open.