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Why FIIs are Bullish for India in 2013?

Fiis are pumping money in India in 2013 due to following reasons:

  • India growing at 5.5% is better than zero or negative growth in other countries.
  • Govt actions to control fiscal deficit.
  • Govt increasing LPG, petrol and diesel prices to remove subsidy.
  • Worldwide pension funds find India a safe heaven to get 8% return when their own country is offering them zero per cent.

As a net result Fiis see Sensex at 24000 level in year 2013 which means 20% returns in one year and they can get more if they use the hot stock of the day.

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