In India, foreign funds shower money on stocks

Newswire

By Denny Thomas

BOMBAY, July 4 (Reuters) - It's raining in India, but there are no clouds over the stock exchanges as fund managers forecast foreign investors will continue to buy into the market on hopes for a monsoon-led economic recovery.

Even after a sizzling rally that gave the market its best quarter in four years, foreign investors say they plan to buy shares in drug makers, banks and automobile firms, betting those companies' earnings will swell if heavy monsoon ...

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