Indian Stocks Hit Record on Signs Foreigners Ending Bearish View

India’s key equity indexes closed at record highs on Thursday, as foreigners pared pessimistic bets following the central bank’s generous dividend to the government and amid hopes for a positive outcome in the ongoing elections. Foreigners’ net short positions in index futures more than halved to a little less than 100,000 contracts on Thursday as stocks rose, indicating covering of bearish positions on the National Stock Exchange. Meanwhile, provisional data indicates overseas funds bought 46.7 billion rupees ($561 million) worth of shares on a net basis, marking their biggest daily...