Indian Stocks – The inevitable finally happened last week
Well, we knew we were going to see a big drop any day now and the Indian market finally obliged last week. As I write this the Sensex is down another 150 points. So the question now becomes when can we expect a bottom to pick up some quality Indian Stocks.
This is just a healthy decline and will hopefully give us all an opportunity for the long term.
Weekly and YTD Price Change - Week ending October 19, 2007
* Dividends not included
| Stocks | Weekly % | YTD % |
| BSE Sensex | -4.66% | 27.37% |
| Videsh Sanchar (VSL) | -12.38% | 25.81% |
| Rediff (REDF) | -12.01% | -13.97% |
| Patni Computers (PTI) | -11.02% | 7.94% |
| India Fund (IFN) | -10.06% | 12.64% |
| Sterlite Ltd. (SLT) | -9.82% | 48.96% |
| HDFC Bank (HDB) | -8.88% | 40.96% |
| IPATH ETNS (INP) | -8.56% | 40.25% |
| Sify (SIFY) | -7.91% | -16.89% |
| MS India Fund (IIF) | -7.89% | 0.55% |
| Tata Motors (TTM) | -6.45% | -3.60% |
| Infosys (INFY) | -5.75% | -10.42% |
| Mahanagar Tel. (MTE) | -4.74% | 28.89% |
| Wipro (WIT) | -3.30% | -6.62% |
| WNS Holdings (WNS) | -2.83% | -26.11% |
| Genpact (G) | -2.80% | 14.00% |
| ICICI Bank (IBN) | -2.66% | 27.14% |
| Satyam (SAY) | -2.44% | 8.29% |
| Dr. Reddy’s (RDY) | -2.13% | -13.81% |