Indian Stocks recover nicely on Friday
U.S. listed Indian stocks recovered nicely on friday as they recovered most of the losses they suffered on thursday. Videsh Sanchar Nigam Limited (NYSE: VSL) was the only stock that closed the session in Red.
1. ICICI Bank (NYSE: IBN) and HDFC Bank Ltd. (NYSE: HDB) - I love the Indian Banks.
2. Sify Ltd. (NASDAQ: SIFY) - The recent profit didn’t impress investors but I like this stock long term. See my detailed article on Sify here
3. Tata Motors Ltd. (NYSE: TTM) - Auto stock from India has seen tremendous growth in exports and its local market.
Full Disclosure: I own shares of Sify Ltd. (NASDAQ: SIFY)
Posted on Saturday, April 29th, 2006 at 1:02 pm
In Uncategorized |
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May 1st, 2006 at 8:31 am
Hi, I find your blog quiet informative. I would love to read more about investements in indian market.
I’d also like to know if I can buy/sell stocks listed on NYSE. I am an Indian resident and
have an account with indian bank (ICICI/citibank/HDFC)
May 1st, 2006 at 2:10 pm
From what I understand you cannot buy shared directly on NYSE/Nasdaq. You might wan’t to confirm this. I will see if I can find something out for you. I don’t have any investments in companies that only trade in India. But I would like to. I am trying to do some research. I would like to invest in companies such as SUZLON Energy to name a few.