Meanwhile, finance minister P Chidambaram said earlier this month that both current account and fiscal deficits are under control and the economy is more stable than it was 18 months ago.
That apart, marketmen said foreign investors have sidelined their concerns of further tapering by the US Federal Reserve.
FIIs, the major drivers of the Indian stock market, have helped push the benchmark BSE Sensex almost 635 points, or 3 per cent so far this month.
Overseas investors have purchased a net Rs 11,716 crore worth of stocks so far in 2014. They had invested a net Rs 1,404 crore in equities in February, and Rs 714 crore in stocks in January.
As of March 21, there were 1,715 registered FIIs in the country and 6,318 sub-accounts.
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