Global Investors, Bullish on Modi, Buy Indian Stocks

WALL STREET JOURNAL ASIA | on Mon, Apr 3, 11:23 PM

MUMBAI—Indian stocks reached a new high Monday, powered by foreign funds optimistic the country’s prime minister, Narendra Modi, will use his growing popularity to accelerate the pace of change and keep Asia’s third-largest economy expanding as much of the world struggles with slowdowns and uncertainty about how U.S. President Donald Trump’s policies will affect trade. India’s bellwether S&P BSE Sensex broke a two-year-old...

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