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Asia300

Bets on Modi's reforms help India stocks beat peers in first half

MUMBAI (NewsRise) -- Indian shares outperformed most of their regional peers in the first half of 2017, as optimism about more economic reforms by Prime Minister Narendra Modi's government, forecast of a normal monsoon, and bets of interest rate cuts prompted foreign investors to pour billions of dollars into equities.

The benchmark BSE Sensex surged 16.1% in the last six months, hitting record highs, as a robust outlook for the nation's economic growth continues to attract overseas investors who have pumped in $8.48 billion into local stocks this year through June 28.

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