This is about the same time when India VIX started receding and Rs 58,000 crore worth of foreign flows entered the market. Shares of Manappuram Finance have almost tripled to Rs 92 from a six-month low of Rs 31.40 hit on March 2. (See table)This is against an 18.66 per cent rise in the BSE Sensex during the period mentioned. From March 1 till date, foreign investors have pumped in Rs 58,039 crore into domestic equities. "One needs to take a slightly longer term view," said Bharat Iyer, MD for Global Research, JP Morgan India.

Source: Economic Times September 06, 2016 06:22 UTC