India sees Asia’s highest equity inflow in March

After foreign withdrawals in Feb that were the biggest in 15 months, the tide is turning again for Indian equities. Global funds have plowed $2 billion into domestic shares, the highest overseas inflow among Asian markets, after pulling $1.96 billion last month. The fall in valuation from a decade-high and improving outlook for earnings growth have drawn foreigners, said Manish Sonthalia, chief investment officer, portfolio management services, Motilal Oswal Asset Management Co.